Answer:
Section 4(k) of the Bank Holding Company Act of 1956
Explanation:
Under section 4(k) of the Bank Holding Company Act of 1956 financial institution is any type of institution whose business is involving in activities that are financial in nature or incidental to such financial practices, as determined by this section such as banks, dealers and securities brokers, insurance underwriters and agents, finance companies, mortgage bankers, and travel agents must provide a privacy notice to each and every consumer having an explanation that what data about the consumer is collected, with whom that data is shared, how the data is applied, and how the data is protected.
