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

R. A. Hettinga rah at shipwright.com
Fri Aug 13 19:01:39 PDT 2004


<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.

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R. A. Hettinga <mailto: rah at ibuc.com>
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'





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