From: "ScanThisNews" <mcdonalds@airnet.net> Subject: [FP] FDIC receives more than 6,000 comments Date: Wed, 23 Dec 1998 13:53:27 -0600 To: "ScanThisNews Recipients List" <scan@efga.org> ====================================================================== SCAN THIS NEWS 12/23/98 ----------------------------------------- WorldNetDaily WEDNESDAY DECEMBER 23 1998 BIG BROTHER BANKING Record response to 'Know Your Customer' FDIC receives more than 6,000 comments http://www.worldnetdaily.com/bluesky_exnews/19981223_xex_record_respo.shtml By Gabrielle Stevenson © 1998 WorldNetDaily.com The process for reading comments on the Federal Deposit Insurance Corporation's "Know Your Customer" proposal has already started because of the increasing number of responses. At last count, the FDIC had received 6,019 responses to the plan. The most comments received in the past was 3,498, regarding a 1984 broker deposit regulation. "Usually we don't get nearly as many," said the FDIC's David Barr. "Sometimes we only get a 100 or so, and they can be read relatively quickly for internal use." Normally the FDIC doesn't read the responses until the comment period has ended. This time, however, they are trying to get a head start. "We are trying to see what people are saying," Barr said. "We have gone through them at least once so far. We do keep them all in consideration. That is what this whole process is all about." The FDIC Know Your Customer plan proposes that all banks, credit unions, and other financial organizations be required to maintain continuous surveillance of customer's accounts, and report unusual financial activity to the FBI and other agencies. [snip] see WorldNetDaily link above for balance of article. ======================================================================= Don't believe anything you read on the Net unless: 1) you can confirm it with another source, and/or 2) it is consistent with what you already know to be true. ======================================================================= Reply to: <fingerprint@networkusa.org> ======================================================================= To subscribe to the free Scan This News newsletter, send a message to <majordomo@efga.org> and type "subscribe scan" in the BODY. Or, to be removed type "unsubscribe scan" in the message BODY. For additional instructions see www.efga.org/about/maillist.html ----------------------------------------------------------------------- "Scan This News" is Sponsored by S.C.A.N. Host of the "FIGHT THE FINGERPRINT!" web page: www.networkusa.org/fingerprint.shtml =======================================================================