Sep 26 2008
Identity Theft, tips and safe guards 10; California Financial Information Privacy Act
Used to be, your bank handled your checking and savings accounts. You visited your insurance agent for life, auto, or homeowner’s insurance. And, if you wanted to “play the market,” you called your stock broker. Recent federal legislation has changed all that. The Financial Services Modernization Act allows banks, insurance companies, and brokerage firms to operate as one. The combined companies have been aptly dubbed “financial supermarkets”. It was partly in response to the creation of these financial supermarkets that the California Financial Information Privacy Act came about. This Act provides Californians with some of the strongest financial privacy protections in the country. For further information on the California Financial Information Privacy Act
http://www.privacyrights.org/ar/SB1Info.htm#text
http://www.corp.ca.gov/FSD/privacy.asp
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