Bank of America shares your personal financial data for what it defines as 'everyday business purposes' — including with credit bureaus and in response to legal investigations — and you have no right to stop this sharing.
Your account data, transaction history, and credit information will be shared with credit bureaus, legal authorities, and other third parties for business operations regardless of your preferences — this sharing cannot be limited.
Cross-platform context
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Compare across platforms →This clause covers a broad and loosely defined category of sharing that consumers cannot opt out of, meaning significant third-party disclosure of your financial data occurs without your ability to object.
REGULATORY FRAMEWORK: This provision is anchored in GLBA 15 U.S.C. §6802(e), which carves out exceptions to opt-out rights for disclosures necessary to effect transactions requested by consumers, comply with legal process, and report to consumer reporting agencies. The CFPB (12 CFR Part 1016) and OCC (12 CFR Part 40) govern GLBA compliance for national banks. Disclosures to consumer reporting agencies additionally implicate the Fair Credit Reporting Act (FCRA) 15 U.S.C. §1681 et seq.
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