Community banks share consumer information more than might be expected, according to an unprecedented analysis done by Bankers Systems Inc. and shared exclusively with Bank Technology News.

Many banks may be unaware that they are subject to privacy regulations requiring them to notify customers when information about them is shared with a third party. "A lot of banks think at first that they don't share information, but realize upon further analysis that they do," according to a spokeswoman for Bankers Systems, a St. Cloud, MN, provider of compliance software.

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