(a) Definitions as used in this section.
(1) You means member banks of the
Federal Reserve System (other than national banks) and their respective
operating subsidiaries, branches and agencies of foreign banks (other
than federal branches, federal agencies and insured state branches
of foreign banks), commercial lending companies owned or controlled
by foreign banks, and organizations operating under section 25 or
25A of the Federal Reserve Act (12 USC 601 et seq., 611 et seq.).
(b) In general. You must properly dispose of any consumer information that you maintain
or otherwise possess in accordance with the Interagency Guidelines
Establishing Information Security Standards, as required under sections
208.3(d) (Regulation H), 211.5(l), and 211.24(i) (Regulation
K) of this chapter, to the extent that you are covered by the scope of
the guidelines.
(c) Rule of construction. Nothing in this section shall be construed
to—
(1) require you to maintain
or destroy any record pertaining to a consumer that is not imposed
under any other law; or
(2) alter or affect any requirement imposed under any other provision
of law to maintain or destroy such a record.
