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Under the California Financial Information Privacy Act, what must consumers be advised of?

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Answer:

Customer's personal financial information can be shared by financial institutions

Step-by-step explanation:

Under the California Financial Information Privacy Act, the consumers must be advised of that their personal financial information can be shared by financial institutions as they have the authority under the following reasons or ways

  • Security reasons
  • Customer disputes or inquires
  • To prevent the potential fraud
  • Against the investigation by the enforcement laws

and many more.

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