California Passes Financial Privacy Bill
The California state legislature passed a financial privacy bill that will give its residents the strongest financial privacy protection in the nation. The bill, sponsored by state Senator Jackie Speier (D), requires financial institutions to get permission before sharing personal customer data with other companies. Customers will also be able to request that their data not be shared between affiliated companies. California governor Gray Davis promised to sign the bill into law. The bill could lay the groundwork for national financial privacy policy.
California Moves to Strengthen Financial Privacy Washington Post, August 20, 2003
