Can I still protect my personal financial information under an “opt out” standard and prohibit the sharing of that information?
Yes. If you exercise your right to “opt out,” then an institution may not share your personal financial information, unless it is otherwise permitted under state or federal law. Some provisions of Maine law provide considerable civil money penalties for institutions that violate these confidentiality requirements. Banks, for example, could be fined up to $10,000 per violation.
