AFFIRMATIVE-CONSUMER/INTERNET-OTHER AFFIRMATIVES 384
BANKING & FINANCIAL INSTITUTIONS DISADVANTAGE ANSWERS
IT IS MORE IMPORTANT TO POROTECT PRIVACY THAN WORRY ABOUT BANK PRIVACY
Los Angeles Times, September 14, 1999, SECTION: Metro; Part B; Page 6; TITLE: YOUR PRIVACY FOR SALE // acs-EE2001
Clearly, the concerns for protecting consumer privacy outweigh those of the banks for making money.
BETTER BANKING SERVICES DO NOT JUSTIFY PRIVACY INTRUSION
The Buffalo News, November 15, 1999, SECTION: EDITORIAL PAGE, Pg. 2B TITLE: THE PRIVACY CHALLENGE FOR STATES // acs-EE2001
But the contention that consumers also will benefit by having their private data used to shape financial services tailored to their needs and marketed directly to them does not justify a blanket intrusion on privacy rights.
BANK CLAIMS OF COST INCREASES FROM PRIVACY REGULATION ARE WEAK
Los Angeles Times, March 29, 2000, SECTION: Metro; Part B; Page 6; TITLE: RESTORE BANKING PRIVACY
The banks' claim that prior notification would cost too much is not convincing. Banks last year mailed out more than 3 billion credit card solicitations--more than 11 for each man, woman and child in the United States. Surely, notifying the customers to whom they owe fiduciary duty should not be such a financial burden.