Hi all!
We received our first (I think & hope) version of this type of mail
today. The package included a card to fill out indicating your
approval/disapproval of having your info given to "affiliated" companies
of Sears as this is a Sears National Bank MC.
Thanks for bringing this up. I'm sure that if others are like myself,
most of this mail would have gone in the proverbial circular file b-4 I
realized what it was.
Pat
On Sat, 5 May 2001 14:28:33 EDT sopran@a... writes:
>
> 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
>
>
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>
>
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