Does anyone else know about this? As of July 1, your credit card company, bank, and insurance company have the right to sell your information, thanks to new legislation that slipped through Congress--where was the News at 5 special?--unless you do something about it. Under a little-known law called the Financial Modernization Act, as of July 1, banks, credit lenders and insurance companies will be allowed to share clients' personal financial data with each other - unless you opt out by returning those forms. Many consumers are astonished to learn that the burden is on them to stop their financial services providers from swapping their data. For more of this story, go here: http://abcnews.go.com/sections/wnt/DailyNews/privacy_notices_010621.html ------------------ Everything you do, effects everything that is.
I had heard about it somewhere else. The funny thing to me is that I've yet to get any opt-out notices from any of my banks. The only company I got a notice from was one of my brokerage accounts (and I got it today). Kind of seems like cheating if they don't give me the forms to return to them. ------------------ Why not visit MovieForums.com
William Safire of the New York Times has been writing about this off and on for over a year. This is a serious privacy issue that was pushed through by big business, and supported by Clinton and the Republican Congress. Big money is not exclusive to one political party. ------------------
For more info on this : http://www.finmod.state.tx.us/ ------------------ This space awaiting something witty to be said in a long, slow off-season...
I wondered what that opt out form was that I got from my home insurance company! GRRRRR! ------------------ How the hell should I know why God would allow the Holocaust. I don't even know how the electric can opener works. - from Hannah and Her Sisters
