Credit Cards, Personal Credit, Business Finance, Credit Information
|
Credit Cards, Personal Credit, Business Finance, Credit Information |
|
|
| Compare credit card deals in your location and find the best card for you | |
Privacy Options – How to Opt OutWe get a lot of junk in the mail. Most of it probably ends up in the garbage. One thing you may be getting that you think is junk mail from your credit card company can actually be a privacy notice that includes details of your privacy options. This is NOT junk mail. Most likely the details found in these notices will tell you how to opt out of future mailings and information sharing. These notices explain many things. They explain:
Many companies MUST send out these notices. They include:
Why do they share my information? There are many reasons companies might share your information—and not all of them are bad. They may want to offer you new services or introduce new products. And there is money to be made by sharing your information as well. But if you want to learn about their products, then you may want them to share your information. But if you don’t want a lot of junk mail from marketers, then you may want to limit the amount of information that is shared about you. How can I limit the sharing of my information? There are ways you can limit the information that is shared. To do that, you MUST read the privacy notices. They will tell you how the company will handle the sharing of your information. There is certain information that you have the right to stop, or “opt-out” of. This includes information sent to:
But there is some information that companies don’t have give you the right to opt out of. Your financial company can give non-affiliates information such as:
What does opting out do? Opting out limits the extent to which a company can share your information. As stated before, it cannot completely stop them, but it will limit what they can send to non-affiliates. Usually you can opt-out within 30 days after you receive your privacy notice. If you don’t opt out within that time, they will share your information. But you can still opt out later. Just contact your financial company and ask them what you have to do. So now what do I do? There are certain steps you should follow when you receive privacy notices: 1. Read the notice What if I need more help? There are many places you can turn to if you are concerned about a company’s privacy policies. The best thing is to contact that company directly, but if that still doesn’t’ help you, then you can contact the federal or state agency that oversees that company’s industry. Here is a brief list of those agencies and their contact information for your reference: Board of Governors of the Federal Reserve System Regulates state-chartered banks that are members of the Federal Reserve System Division of Consumer and Community Affairs, Stop 801 20th and C Streets, NW Washington, DC 20551 202-452-3693 www.federalreserve.gov Commodity Futures Trading Commission Regulates commodity brokers, commodity trading advisors, commodity pools, and introducing brokers Privacy Officer, Office of Chief Counsel Division of Trading and Markets Three Lafayette Center 1155 21st Street, NW Washington, DC 20581 202-418-5430 www.cftc.gov Federal Deposit Insurance Corporation Regulates state-chartered banks that are not members of the Federal Reserve System Division of Compliance and Consumer Affairs 550 17th Street, NW Washington, DC 20429 877-ASK-FDIC or 877-275-3342 toll-free www.fdic.gov Federal Trade Commission Regulates any financial company not covered by the other federal regulators such as mortgage brokers, tax and investment services, finance companies, credit bureaus, non-bank lenders, auto dealers, leasing companies, appraisers, real estate settlement services, credit counseling services, and collection agency services Consumer Response Center 600 Pennsylvania Avenue, NW Washington, DC 20580 877-FTC-HELP or 877-382-4357 toll-free www.ftc.gov (see also) www.consumer.gov/idtheft/ National Credit Union Administration Regulates federally chartered credit unions Office of Public and Congressional Affairs 1775 Duke Street Alexandria, VA 22314-3428 703-518-6330 www.ncua.gov Office of the Comptroller of the Currency Regulates national banks. These typically include banks with "national" or "N.A." in their names. Customer Assistance Group 1301 McKinney Street Suite 3710 Houston, TX 77010 800-613-6743 toll-free www.occ.treas.gov Office of Thrift Supervision Regulates federal savings and loan associations and federal savings banks Consumer Programs 1700 G Street, NW Washington, DC 20552 800-842-6929 toll-free www.ots.treas.gov Securities and Exchange Commission Regulates brokerage firms, mutual fund companies, and investment advisors Office of Investor Education and Assistance 450 5th Street, NW Washington, DC 20549-0213 202-942-9634 fax www.sec.gov/complaint.shtml .For other credit and credit card related
articles, please visit our library of articles
|
| CreditFront.com Limited CreditCards.com |