The Office of the Comptroller of the Currency is distributing guidelines explaining how a bank may share customer data among affiliates without violating privacy laws.

The guidelines urge banks to make it easy for consumers to block the distribution of confidential data, but they do not prescribe specific steps institutions must take. Rather, they describe programs used successfully by some banks to comply with the Fair Credit Reporting Act, which requires that consumers be given the chance to opt out of data-sharing programs.

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