If you are tired of feeling helpless every time you hear about the latest consumer data breach, you may want to sign Consumers Union’s petition to Congress calling for stronger financial privacy laws. We’ve posted warnings of security breaches numerous times here at CreditBloggers.com. In fact, it’s become far too commonplace to hear about another lost or stolen laptop or data disk with thousands of consumer’s records.
FinancialPrivacyNow.org, a Consumers Union website, is looking for about 12,000 more people to sign a petition requesting stronger financial privacy laws so they can reach their goal of 50,000 signatures before the November elections.
They warn that some of the so-called "financial privacy" bills already placed before Congress would take away stronger state protections. And they believe that in every state, you should be able to place a "security freeze" on your credit file so thieves can’t open new accounts in your name. Legislation should also require companies and agencies to notify you when the security of your private information has been breached.
Seems commonsense to me.
Gerri Detweiler Credit.com's Personal Finance Expert, Gerri focuses on financial legislation, budgeting, debt recovery and consumer savings information. She is also the co-author of Debt Collection Answers: How to Use Debt Collection Laws to Protect Your Rights, and Reduce Stress: Real-Life Solutions for Solving Your Credit Crisis as well as host of TalkCreditRadio.comTalk Credit Radio. Reach Gerri at creditexperts@credit.com.
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