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From the 80th Legislature
HB 885
Opt-in Financial Privacy
Giddings
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Summary
A financial institution may sell a customer's financial information only if the customer "opts-in" to allow the financial institution to sell their financial information.Background
Financial institution sell personal data to Data brokers, who then sell that information to whoever buys.Political Context
California considered opt-in legislation and it was supported by a broad coalition of consumer groups, including Consumers Union, ACLU, Eagle Forum, and CALPIRG.http://www.privacyrights.org/ar/letterby15.htmAdditional Links
"Your privacy for sale" Consumer Reports 10/06Privacy Rights Clearinghouse "Opt-In to Financial Privacy" May 1, 2000
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