Attorney discusses your financial privacy rights

Conner & Winters attorney Justin L. Pybas talks about subpoenas and financial privacy.
by Paula Burkes Published: January 29, 2013
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Q&A with Justin L. Pybas

Attorney discusses your rights

regarding financial privacy

Q: I know financial institutions are prohibited from giving, releasing or disclosing a customer's financial records to a third party. Are there exceptions?

A: Yes. There are two. If the financial institution has written consent from the customer to release certain financial records, then the financial institution may release records in accordance with the consent. If the financial institution has been served with a subpoena, then it must release the financial records requested in accordance with the subpoena.

Q: Must customers be notified of subpoenas?

A: Yes. The party issuing the subpoena must mail a copy of the subpoena to the customer on or before the date the subpoena is served on the financial institution. The customer has 14 days after the subpoena was mailed to ask the appropriate court, state agency or legislative committee to reject the subpoena.

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by Paula Burkes
Reporter
A 1981 journalism graduate of Oklahoma State University, Paula Burkes has more than 30 years experience writing and editing award-winning material for newspapers and healthcare, educational and telecommunications institutions in Tulsa, Oklahoma...
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