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Financial Privacy in the States: How Consumers Benefit From Personal Information Safeguards
Publication Date: February 2004
Publisher(s): California Public Interest Research Group. Education Fund
Author(s): Jasmine Vasavada; Steve Blackledge; Dave Algoso
Funder(s): Rose Foundation for Communities and the Environment; Consumer Privacy Rights Fund
Funder(s): Rose Foundation for Communities and the Environment; Consumer Privacy Rights Fund
Topic: Economics (Consumers and consumption)
Keywords: financial privacy; identity theft; consumer privacy
Type: Report
Coverage: California
Abstract:
Federal regulation riddled with loopholes has left large bank conglomerates and other financial institutions with too much leeway to share consumers' private information and too little responsibility for the consequences. Financial Privacy in the States documents the growing concerns that Americans have about financial privacy, presents a survey of state laws that have helped fill regulatory gaps in the financial privacy sphere, and provides an estimate of the economic burden consumers currently bear as a result of inadequate privacy safeguards.