As per ABC Network news at 6:00 pme today, a law was quietly passed that allows your finicial institutions to share or sell your finical info if you do not return the disallowance form before 1 July 2001. This form was mailed usually in a group of solitations, due returnable prior to 1 July 2001, thats 9 days from now, ABC reports that less than 1/2 of 1% have been returned. For those returned your safe from your info becoming public knowledge, those not returned - your info can be public knowledge supplied by a bank, a credit card company, a loan company, a mortgage company, ect. Isn,t it nice to see that bankers and the politicans are working so hard to protect us??!

-- mitch hearn (moopups1@aol.com), June 21, 2001

Answers

Mitch, I have been getting them privacy disclosure notices for awhile now, and have been throwing them away. I figure anybody out there who wants to know what and what not about me has all ready done so or can do so by my drivers license,tap into my computer,police files,air Force files,or if bold enough knock on my door,etc. & etc. All this "bank selling info" stuff is about is letting the banks make more money by letting them charge a fee for the info. Since we all know how little banks make these days we should be glad they now have other means of income instead of charging us higher interest rates.

-- TomK (tjk@cac.net), June 21, 2001.

not sure if you were being sarcastic or not but banks have been making more money than ever. look at banking stocks lately?

-- nobody (nothing@nowhere.no), June 21, 2001.

the differance here is that any one with your name can gain the info, such as scam artist or criminals, not just other finicial institutes.

-- mitch hearn (moopups1@aol.com), June 22, 2001.

If you bank is giving opt out options, your lucky. Most of them have very limited opt out option policy and once the account is closed, the institution has full disclosure right to your information.

-- Jay Blair in N. AL (jayblair678@yahoo.com), June 22, 2001.