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Consumer& 39;s Union Petition Aimed at Stronger Financial Privacy Laws

Posted on 10/11/2006 16:21 PM | Link | Post Comment

If you are tired of feeling helpless every time you hear about the latest consumer data breach, you may want to sign Consumers Union&39;s petition to Congress calling for stronger financial privacy laws. We&39;ve posted warnings of security breaches numerous times here at CreditBloggers.com. In fact, it&39;s become far too commonplace to hear about another lost or stolen laptop or data disk with thousands of consumer&39;s records.

FinancialPrivacyNow.org, a Consumers Union website, is looking for about 12,000 more people to sign a petition requesting stronger financial privacy laws so they can reach their goal of 50,000 signatures before the November elections.

They warn that some of the so-called "financial privacy" bills already placed before Congress would take away stronger state protections. And they believe that in every state, you should be able to place a "security freeze" on your credit file so thieves can&39;t open new accounts in your name. Legislation should also require companies and agencies to notify you when the security of your private information has been breached.

Seems commonsense to me.

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