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House Rejects Bill Aimed at Protecting Consumer Privacy

ME: House Rejects Bill Aimed at Protecting Consumer Privacy

The Maine House has rejected a bill that would prevent banks and other credit card lenders from selling a person’s private information without specific approval. The vote was 75 to 66. Under current law, an individual’s private information, such as average savings account balances, can be sold by a bank or other financial institution to direct marketers or other third parties for commercial purposes.

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Despite the House’s rejection, the bill is not dead. It now goes to the Maine Senate for consideration.

Source – Maine Public Broadcasting Network

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URL: http://www.pogowasright.org/article.php?story=20090519181006137

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