§ 6809.
(2)
Federal functional regulator
The term “Federal functional regulator” means—
(A)
the Board of Governors of the Federal Reserve System;
(B)
the Office of the Comptroller of the Currency;
(C)
the Board of Directors of the Federal Deposit Insurance Corporation;
(D)
the Director of the Office of Thrift Supervision;
(E)
the National Credit Union Administration Board; and
(F)
the Securities and Exchange Commission.
(4)
Nonpublic personal information
(A)
The term “nonpublic personal information” means personally identifiable financial information—
(i)
provided by a consumer to a financial institution;
(ii)
resulting from any transaction with the consumer or any service performed for the consumer; or
(iii)
otherwise obtained by the financial institution.
(B)
Such term does not include publicly available information, as such term is defined by the regulations prescribed under
section 6804 of this title.
(C)
Notwithstanding subparagraph (B), such term—
(i)
shall include any list, description, or other grouping of consumers (and publicly available information pertaining to them) that is derived using any nonpublic personal information other than publicly available information; but
(ii)
shall not include any list, description, or other grouping of consumers (and publicly available information pertaining to them) that is derived without using any nonpublic personal information.
(7)
Necessary to effect, administer, or enforce
The term “as necessary to effect, administer, or enforce the transaction” means—
(A)
the disclosure is required, or is a usual, appropriate, or acceptable method, to carry out the transaction or the product or service business of which the transaction is a part, and record or service or maintain the consumer’s account in the ordinary course of providing the financial service or financial product, or to administer or service benefits or claims relating to the transaction or the product or service business of which it is a part, and includes—
(i)
providing the consumer or the consumer’s agent or broker with a confirmation, statement, or other record of the transaction, or information on the status or value of the financial service or financial product; and
(ii)
the accrual or recognition of incentives or bonuses associated with the transaction that are provided by the financial institution or any other party;
(B)
the disclosure is required, or is one of the lawful or appropriate methods, to enforce the rights of the financial institution or of other persons engaged in carrying out the financial transaction, or providing the product or service;
(C)
the disclosure is required, or is a usual, appropriate, or acceptable method, for insurance underwriting at the consumer’s request or for reinsurance purposes, or for any of the following purposes as they relate to a consumer’s insurance: Account administration, reporting, investigating, or preventing fraud or material misrepresentation, processing premium payments, processing insurance claims, administering insurance benefits (including utilization review activities), participating in research projects, or as otherwise required or specifically permitted by Federal or State law; or
(D)
the disclosure is required, or is a usual, appropriate or acceptable method, in connection with—
(i)
the authorization, settlement, billing, processing, clearing, transferring, reconciling, or collection of amounts charged, debited, or otherwise paid using a debit, credit or other payment card, check, or account number, or by other payment means;
(ii)
the transfer of receivables, accounts or interests therein; or
(iii)
the audit of debit, credit or other payment information.
([Pub. L. 106–102, title V, § 509], Nov. 12, 1999, [113 Stat. 1443].)