home page



IT Directory

Book Store

Mgt Courses


Daily Rates

Bank Directory



Click Here To Return To Daily News
Click For More Stories and Features
Click for Main Home Page

The American Bankers Association, the Financial Services Roundtable and the Consumer Bankers Association have gone to the Court of Appeals to try to stop a California law that restricts on use of customer information. Members of these three trade association share customer information among their affiliates.

Under the California Financial Information Privacy Act, they would have to either stop sharing among affiliates that are not in the same line of business (for example, a bank affiliate couldn't share with an insurance affiliate), or submit to the law's opt-out requirement. Under that rule, customers have the right to block, or opt out of, the sharing of information among affiliates.


  Web banknetindia.com   

About us | Contact us | associate | Terms of use | Disclaimer
Banknet India | All rights reserved worldwide.
Best viewed with IE 4.00 & above at a screen resolution of 800 x 600 or higher