HOMESPUN-L Archives

Archiver > HOMESPUN > 2001-05 > 0989286863


From: "Vicki Ashton" <>
Subject: Re: [HS] Fw: SPECIAL ALERT TO NewsMax.com Readers
Date: Mon, 7 May 2001 21:54:23 -0400
References: <003401c0d718$8c5d8520$7b5086d1@hppav>


I got that letter! It did seem like junk and it was hard to read. But
something told me to read it and I am glad I did! I had to call an 800
number to 'opt out' as if I were electing something! And the person on the
other end made me feel like I was missing out on something. It mostly just
said they would share my information (didn't specify exactly what
information) with their participating members or sponsors or something like
that. I thought it was like a mailing list or something; I didn't think it
would be private stuff!! I'm sure glad I did it! Vicki

> > Today, NewsMax.com's Wes Vernon reports that the banking industry is
> > celebrating: few consumers are "opting out" of new federal rules that
> > allow banks, credit card companies and other financial institutions
> > to sell and share your private financial information, including your
> > Social Security number.
> > (snip)
> > You may have recently gotten what looked like a piece of junk mail
> > from your bank or credit card company. It may have been headlined
> > something innocuous, like: "New Information Relating to Your
> > Account." A lengthy legal treatise follows, typically with small
> > print. Most people would have thrown this letter out with their junk
> > mail.
> >
> > But by not reading this document and contacting your bank or credit
> > card company, your financial institutions are now free to sell or
> > share your Social Security number and your private financial data.
> >


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