California State Senator Jackie Speier vs. Banking Industry
Senator Speier labored for four years to pass a bill that would give people more control over their private information. Last week, SB1, Speier’s financial privacy bill, was approved by both houses of California’s legislature, and Governor Gray Davis is expected to sign it into law this week. It requires banks and other financial institutions to get permission before sharing or selling their customers’ personal information. It is the most stringent financial privacy law in the country. Wired News Reporter Katie Dean spoke with Speier recently about the bill, regarded as a landmark victory by privacy advocates. Thank you Senator Speier!
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