Business Interests Promote FCRA
A coaltion of banks, credit card companies and retailers have banded together to combat efforts by states and inviduals to impose strict privacy standards. Using their considerable financial sway, they have thrown their support legislation reauthorizing the Fair Credit Reporting Act, which preempts state regulations, trying to convince legislators and the public that allowing states (such as California) to implement their own financial privacy standards would hamper consumer credit. But as consumer advocates and privacy groups stricter privacy regulations will help, not hurt, consumers.
Give 'Em Credit
Capital Eye, September 17, 2003
