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Industry pushes for uniformity.(Privacy Standards)
- Article from:
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National Underwriter Life & Health-Financial ServicesEdition
- Article date:
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July 19, 2004
- Author:
- Postal, Arthur D.
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Copyright informationCOPYRIGHT 2004 The National Underwriter Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON
THE FINANCIAL SERVICES INDUSTRY is taking a two-pronged approach toward a California federal court decision that calls into question whether a bill passed last fall extending the Fair Credit Reporting Act did its job in creating uniform, national standards for privacy requirements for financial services firms.
First, the industry is planning an expedited appeal to the 9th U.S. Circuit Court of Appeals of a decision by a federal judge in Sacramento that says the 2003 law did not pre-empt California's more restrictive standards dealing with a financial services company's ability to share a customer's personal financial information with an affiliate for ...
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