Bush backs banks' appeal of Calif's financial privacy law

http://www.kesq.com/global/story.asp?s=2163114&ClientType=Printable KESQ NewsChannel 3 Palm Springs, CA: Bush backs banks' appeal of Calif's financial privacy law SACRAMENTO The Bush administration stepped into a lawsuit challenging California's landmark financial privacy law today. The administration is urging a federal judge to side with banks that want to overturn restrictions on how they can share customer information. The new state law requires banks to get permission from customers before giving nonaffiliated companies customers' financial information like their bank balance or spending habits. Copyright 2004 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. All content ) Copyright 2002 - 2004 WorldNow and KESQ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service. -- ----------------- R. A. Hettinga The Internet Bearer Underwriting Corporation http://www.ibuc.com/ 44 Farquhar Street, Boston, MA 02131 USA "... however it may deserve respect for its usefulness and antiquity, [predicting the end of the world] has not been found agreeable to experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'