Bush administration attacks your financial privacy

Bush administration attacks your financial privacy

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(or, "Enough with the eBay stuff already!")

Hey, you might recall that I've discussed the newish California financial privacy law.

Previously, banks could sell your personal financial privacy whenever they wanted, but this law, recently upheld, prevents that. It requires that banks ask your permission to share your personal info. This helps prevent identity theft.

Prior to its passage, I had asked bank representatives why they were opposed to the bill, and they said that they were for it, just wanted it applied uniformly across the country. They said asking for permission is the right thing to do.

However, the Bush administration just asked the Ninth U.S. Circuit Court of Appeals in San Francisco to suppress the law.

Should I perceive this as an act of integrity, or another unreported financial scandal coming from the White House?

for more, check out an article from the SF Chronicle.

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