Italy's Garante fines Deutsche Bank over BancoPosta loan privacy notice
· 22h ago · Originally reported by PPC Land
Italy's data protection authority fined Deutsche Bank €33,000 over the privacy notice for BancoPosta loan data. The bank and Poste Italiane had named each other as data processors, but the Garante ruled both act as data controllers. The notice must be rewritten to reflect that classification.
Why it matters
It clarifies how financial partners must describe their data roles in privacy notices, affecting how banks and their partners handle customer data disclosures.
Explain it like I’m new here
Two banks pointed at each other saying 'you're in charge of the data,' but the regulator said no, you both are, so you must say so clearly to customers.
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