Financial privacy is of increasing public concern, with questions being raised about the need for standards to preserve consumers' financial privacy while permitting financial institutions to conduct business. This telephone survey of 801 randomly selected Vermont residents age 18 and over explores their experiences and opinions regarding financial privacy, including:
- Knowledge of financial privacy regulations
- Experience with and opinions of financial privacy notices
- Importance of maintaining control over personal, financial information disclosure
The survey finds that even though Vermont residents may not be well informed about their financial privacy rights, they believe it is very important that their personal, financial information not be shared without their permission, and nearly all respondents would oppose regulations allowing financial institutions to do so.
Interviews took place between January 25 and February 3, 2002. The report was prepared by Katherine Bridges of AARP Knowledge Management who may be contacted for further information at 202/434-6329. (14 pages)