Texas Financial Institutions And The Consumer's Right To Privacy

Abstract

Discusses privacy issues involving consumer credit information in Texas and analyzes the Texas Financial Institutions Privacy Act. Considers both its strengths, when it represents a good faith effort to provide appropriate protection for consumers' financial institutions' records, and weaknesses, when it offers only procedural guidelines and demonstrates a lack of any substantive rights. The author concludes that input from various interested parties needs to be sought and that the final law must strike a balance between the consumers’ privacy rights and the burden imposed on financial institutions complying with additional regulations.