What does the privacy notice aim to protect for customers?

The privacy notice is specifically designed to protect nonpublic personal financial information of customers. This type of information includes sensitive data that is not publicly available and pertains to an individual's financial situation, such as social security numbers, bank account details, and personal income information. The intent of such a notice is to inform customers about how their sensitive financial information will be used, shared, and protected by the licensee.

The focus on nonpublic personal financial information underscores the importance of safeguarding such data from unauthorized access and ensuring that it is only used for legitimate business purposes, in compliance with privacy laws and regulations. By emphasizing this type of information, the notice reassures customers that their privacy is valued and protected in the financial context.