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This provision gives the consumer the right to restrict a person from using certain information obtained from an affiliate to make solicitations to that consumer.
The election of a consumer to opt out must be effective for a period of at least five years (the opt out period) beginning when the consumers opt out election is received and implemented, unless the consumer subsequently revokes the opt out in writing or, if the consumer agrees, electronically.
Affiliate marketing is absolutely legal, as long as you comply with the terms, conditions, and disclosure required by the law of your country, the social platform youre using, and the seller or product owner whose affiliate offer youre promoting.
The term Act means the Fair Credit Reporting Act (15 U.S.C. 1681 et seq.). (b) Affiliate. The term affiliate means any company that is related by common ownership or common corporate control with another company.
The GLBA requires that a financial institution provide a privacy notice to consumers: (i) prior to disclosing nonpublic personal information (NPI) about the consumer to any non-affiliated third party (outside of certain exceptions); or (ii) at or before the time that the institution enters into a continuing customer
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The GLBA requires that a financial institution provide a privacy notice to consumers: (i) prior to disclosing nonpublic personal information (NPI) about the consumer to any non-affiliated third party (outside of certain exceptions); or (ii) at or before the time that the institution enters into a continuing customer
If you opt out, it will remain in effect for at least five years or until you cancel your opt out. State law might have additional protections depending on where you live. All consumers must receive a privacy notice when a customer relationship is established, such as when opening a deposit account or obtaining a loan.
To opt out for five years: Go to optoutprescreen.com or call 1-888-5-OPT-OUT (1-888-567-8688). The phone number and website are operated by the major credit bureaus. To opt out permanently: Go to optoutprescreen.com or call 1-888-5-OPT-OUT (1-888-567-8688) to start the process.
Opting Out The opt-out period must be at least five years, but it can be longer. The consumer may revoke the opt-out in writing or electronically. The opt-out notice must be provided so that each consumer can reasonably be expected to receive the notice.
Unlike the FCRA affiliate sharing opt-out and the Gramm-Leach-Bliley Act (GLBA) non-affiliate sharing opt-out, which apply indefinitely, section 624 provides that a consumers affiliate marketing opt-out election must be effective for a period of at least five years.

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