Vocalist.org archive


From:  sopran@a...
sopran@a...
Date:  Sat May 5, 2001  6:28 pm
Subject:  Re: [vocalist] credit



In a message dated 5/5/01 1:15:56 PM, MFoxy9795@a... writes:

<< > A
> creditor (usuallly) has to have your permission to access the information
in
> your report. That may be changing very soon, however!

how so??? >>

A new law just passed in the US allows financial institutions to "share" your
private financial data--income, address, Social Security number, etc.--UNLESS
YOU OPT OUT (usually in writing) by July 1. If you live in the US, watch your
mail closely. Most banks, insurance companies etc. are looking forward to
earning $ by selling your information--so they don't want you to notice or
understand the notice about the change in law. Basically, it's a huge
invasion of privacy, IMHO, and putting the onus on the consumer is completely
unfair. It's a very bad law that the financial institutions pushed very hard
to have passed.

Judy

emusic.com