Hi all! We received our first (I think & hope) version of this type of mail today. The package included a card to fill out indicating your approval/disapproval of having your info given to "affiliated" companies of Sears as this is a Sears National Bank MC.
Thanks for bringing this up. I'm sure that if others are like myself, most of this mail would have gone in the proverbial circular file b-4 I realized what it was.
Pat
On Sat, 5 May 2001 14:28:33 EDT sopran@a... writes: > > In a message dated 5/5/01 1:15:56 PM, MFoxy9795@a... writes: > > << > A > > creditor (usuallly) has to have your permission to access the > information > in > > your report. That may be changing very soon, however! > > how so??? >> > > A new law just passed in the US allows financial institutions to > "share" your > private financial data--income, address, Social Security number, > etc.--UNLESS > YOU OPT OUT (usually in writing) by July 1. If you live in the US, > watch your > mail closely. Most banks, insurance companies etc. are looking > forward to > earning $ by selling your information--so they don't want you to > notice or > understand the notice about the change in law. Basically, it's a > huge > invasion of privacy, IMHO, and putting the onus on the consumer is > completely > unfair. It's a very bad law that the financial institutions pushed > very hard > to have passed. > > Judy > > > Your use of Yahoo! Groups is subject to > http://docs.yahoo.com/info/terms/ > >
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