I own and operate a Technology Security and Compliance firm, and the Bank of America story got me thinking about compliance regulations. It would appear #bankofamerica was in CLEAR violation of ABA regulations as well as The Right To Financial Privacy Act.

"4. The Right to Financial Privacy Act

Historically, the most significant privacy concern of consumers relates to government access to their financial records. The purpose of the Financial Privacy Act is to protect consumer records maintained by financial institutions from improper disclosure to federal government officials or agencies.

Specifically, the Act currently prohibits disclosure to the federal government of records held by certain financial institutions without providing notification to the consumer whose records are sought and the expiration of a "waiting period," during which the consumer may challenge and prevent disclosure through legal action."

If they gave your information to the government, THEY BROKE THE LAW and YOUR PRIVATE INFO belongs to YOU. Call your Lin Woods!

SOURCE: https://www.aba.com/banking-topics/consumer-banking/privacy/privacy-information-sharing