MTB » Topics » Consumer Protection Laws

These excerpts taken from the MTB 10-K filed Feb 23, 2009.
Consumer Protection Laws
In connection with their respective lending and leasing activities, M&T Bank, certain of its subsidiaries, and M&T Bank, N.A. are each subject to a number of federal and state laws designed to protect borrowers and promote lending to various sectors of the economy. These laws include the Equal Credit Opportunity Act, the Fair Credit Reporting Act, the Fair and Accurate Credit Transactions Act, the Truth in Lending Act, the Home Mortgage Disclosure Act, and the Real Estate Settlement Procedures Act, and various state law counterparts.
In addition, federal law currently contains extensive customer privacy protection provisions. Under these provisions, a financial institution must provide to its customers, at the inception of the customer relationship and annually thereafter, the institution’s policies and procedures regarding the handling of customers’ nonpublic personal financial information. These provisions also provide that, except for certain limited exceptions, a financial institution may not provide such personal information to unaffiliated third parties unless the institution discloses to the customer that such information may be so provided and the customer is given the opportunity to opt out of such disclosure. Federal law makes it a criminal offense, except in limited circumstances, to obtain or attempt to obtain customer information of a financial nature by fraudulent or deceptive means.
 
Consumer Protection Laws
In connection with their respective lending and leasing activities, M&T Bank, certain of its subsidiaries, and M&T Bank, N.A. are each subject to a number of federal and state laws designed to protect borrowers and promote lending to various sectors of the economy. These laws include the Equal Credit Opportunity Act, the Fair Credit Reporting Act, the Fair and Accurate Credit Transactions Act, the Truth in Lending Act, the Home Mortgage Disclosure Act, and the Real Estate Settlement Procedures Act, and various state law counterparts.
In addition, federal law currently contains extensive customer privacy protection provisions. Under these provisions, a financial institution must provide to its customers, at the inception of the customer relationship and annually thereafter, the institution’s policies and procedures regarding the handling of customers’ nonpublic personal financial information. These provisions also provide that, except for certain limited exceptions, a financial institution may not provide such personal information to unaffiliated third parties unless the institution discloses to the customer that such information may be so provided and the customer is given the opportunity to opt out of such disclosure. Federal law makes it a criminal offense, except in limited circumstances, to obtain or attempt to obtain customer information of a financial nature by fraudulent or deceptive means.
 
Consumer
Protection Laws






In connection with their respective lending and leasing
activities, M&T Bank, certain of its subsidiaries, and
M&T Bank, N.A. are each subject to a number of federal and
state laws designed to protect borrowers and promote lending to
various sectors of the economy. These laws include the Equal
Credit Opportunity Act, the Fair Credit Reporting Act, the Fair
and Accurate Credit Transactions Act, the Truth in Lending Act,
the Home Mortgage Disclosure Act, and the Real Estate Settlement
Procedures Act, and various state law counterparts.





In addition, federal law currently contains extensive customer
privacy protection provisions. Under these provisions, a
financial institution must provide to its customers, at the
inception of the customer relationship and annually thereafter,
the institution’s policies and procedures regarding the
handling of customers’ nonpublic personal financial
information. These provisions also provide that, except for
certain limited exceptions, a financial institution may not
provide such personal information to unaffiliated third parties
unless the institution discloses to the customer that such
information may be so provided and the customer is given the
opportunity to opt out of such disclosure. Federal law makes it
a criminal offense, except in limited circumstances, to obtain
or attempt to obtain customer information of a financial nature
by fraudulent or deceptive means.


 




Consumer
Protection Laws






In connection with their respective lending and leasing
activities, M&T Bank, certain of its subsidiaries, and
M&T Bank, N.A. are each subject to a number of federal and
state laws designed to protect borrowers and promote lending to
various sectors of the economy. These laws include the Equal
Credit Opportunity Act, the Fair Credit Reporting Act, the Fair
and Accurate Credit Transactions Act, the Truth in Lending Act,
the Home Mortgage Disclosure Act, and the Real Estate Settlement
Procedures Act, and various state law counterparts.





In addition, federal law currently contains extensive customer
privacy protection provisions. Under these provisions, a
financial institution must provide to its customers, at the
inception of the customer relationship and annually thereafter,
the institution’s policies and procedures regarding the
handling of customers’ nonpublic personal financial
information. These provisions also provide that, except for
certain limited exceptions, a financial institution may not
provide such personal information to unaffiliated third parties
unless the institution discloses to the customer that such
information may be so provided and the customer is given the
opportunity to opt out of such disclosure. Federal law makes it
a criminal offense, except in limited circumstances, to obtain
or attempt to obtain customer information of a financial nature
by fraudulent or deceptive means.


 




Consumer
Protection Laws






In connection with their respective lending and leasing
activities, M&T Bank, certain of its subsidiaries, and
M&T Bank, N.A. are each subject to a number of federal and
state laws designed to protect borrowers and promote lending to
various sectors of the economy. These laws include the Equal
Credit Opportunity Act, the Fair Credit Reporting Act, the Fair
and Accurate Credit Transactions Act, the Truth in Lending Act,
the Home Mortgage Disclosure Act, and the Real Estate Settlement
Procedures Act, and various state law counterparts.





In addition, federal law currently contains extensive customer
privacy protection provisions. Under these provisions, a
financial institution must provide to its customers, at the
inception of the customer relationship and annually thereafter,
the institution’s policies and procedures regarding the
handling of customers’ nonpublic personal financial
information. These provisions also provide that, except for
certain limited exceptions, a financial institution may not
provide such personal information to unaffiliated third parties
unless the institution discloses to the customer that such
information may be so provided and the customer is given the
opportunity to opt out of such disclosure. Federal law makes it
a criminal offense, except in limited circumstances, to obtain
or attempt to obtain customer information of a financial nature
by fraudulent or deceptive means.


 




These excerpts taken from the MTB 10-K filed Feb 21, 2008.
Consumer Protection Laws
In connection with their respective lending and leasing activities, M&T Bank, certain of its subsidiaries, and M&T Bank, N.A. are each subject to a number of federal and state laws designed to protect borrowers and promote lending to various sectors of the economy population. These laws include the Equal Credit Opportunity Act, the Fair Credit Reporting Act, the Fair and Accurate Credit Transactions Act, the Truth in Lending Act, the Home Mortgage Disclosure Act, and the Real Estate Settlement Procedures Act, and various state law counterparts.
In addition, federal law currently contains extensive customer privacy protection provisions. Under these provisions, a financial institution must provide to its customers, at the inception of the customer relationship and annually thereafter, the institution’s policies and procedures regarding the handling of customers’ nonpublic personal financial information. These provisions also provide that, except for

16


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certain limited exceptions, a financial institution may not provide such personal information to unaffiliated third parties unless the institution discloses to the customer that such information may be so provided and the customer is given the opportunity to opt out of such disclosure. Federal law makes it a criminal offense, except in limited circumstances, to obtain or attempt to obtain customer information of a financial nature by fraudulent or deceptive means.
 
Consumer
Protection Laws






In connection with their respective lending and leasing
activities, M&T Bank, certain of its subsidiaries, and
M&T Bank, N.A. are each subject to a number of federal and
state laws designed to protect borrowers and promote lending to
various sectors of the economy population. These laws include
the Equal Credit Opportunity Act, the Fair Credit Reporting Act,
the Fair and Accurate Credit Transactions Act, the Truth in
Lending Act, the Home Mortgage Disclosure Act, and the Real
Estate Settlement Procedures Act, and various state law
counterparts.





In addition, federal law currently contains extensive customer
privacy protection provisions. Under these provisions, a
financial institution must provide to its customers, at the
inception of the customer relationship and annually thereafter,
the institution’s policies and procedures regarding the
handling of customers’ nonpublic personal financial
information. These provisions also provide that, except for




16







Table of Contents




 



certain limited exceptions, a financial institution may not
provide such personal information to unaffiliated third parties
unless the institution discloses to the customer that such
information may be so provided and the customer is given the
opportunity to opt out of such disclosure. Federal law makes it
a criminal offense, except in limited circumstances, to obtain
or attempt to obtain customer information of a financial nature
by fraudulent or deceptive means.


 




This excerpt taken from the MTB 10-K filed Feb 23, 2007.
Consumer Protection Laws
In connection with their respective lending and leasing activities, M&T Bank, certain of its subsidiaries, and M&T Bank, N.A. are each subject to a number of federal and state laws designed to protect borrowers and promote lending to various sectors of the economy population. These laws include the Equal Credit Opportunity Act, the Fair Credit Reporting Act, the Fair and Accurate Credit Transactions Act, the Truth in Lending Act, the Home Mortgage Disclosure Act, and the Real Estate Settlement Procedures Act, and various state law counterparts.
In addition, federal law currently contains extensive customer privacy protection provisions. Under these provisions, a financial institution must provide to its customers, at the inception of the customer relationship and annually thereafter, the institution’s policies and procedures regarding the handling of customers’ nonpublic personal financial information. These provisions also provide that, except for certain limited exceptions, a financial institution may not provide such personal information to unaffiliated third parties unless the institution discloses to the customer that such information may be so provided and the customer is given the opportunity to opt out of such disclosure. Federal law makes it a criminal offense, except in limited circumstances, to obtain or attempt to obtain customer information of a financial nature by fraudulent or deceptive means.
 

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