Presented at Twenty Third Annual Conference of International Data Protection Commissioners
By Beth Givens, Director
Paris, France
[NOTE: A shorter version of this paper was presented at the Paris Conference of the Data Protection Commissioners]
Esteemed Data Commissioners and fellow conference participants:
Updated: April 21, 2005
An unknown individual has broadcast an electronic mail message that has reached tens of thousands of consumers, confusing them with information that is only half correct.
The message explains, erroneously, that as of July 1, 2003, "the four major credit bureaus in the US will be allowed . to release your credit info, mailing addresses, phone numbers..... to anyone who requests it." This is not correct.
Financial institutions have until July 1, 2001, to send privacy notices to their customers. The notices are required by the Financial Services Modernization Act, also known as the Gramm-Leach-Bliley Act or GLB.
Presentation by Beth Givens, Director
NACUA 41st Annual Conference
National Association of College and University Attorneys
San Diego, California
Outline of Presentation:
1. Overview: There are many privacy issues facing colleges and universities today. This presentation covers only the first two below:
"Because we value your privacy.. we may sell your personal financial information." Does this make sense? Of course, not. But, that is precisely the message many banks and other financial companies are now sending to their customers. However, this message -- blurred by fine print, big words, long sentences and marketing jargon -- is far from clear.
By Mark Hochhauser, Ph.D.
Readability Consultant
Copyright 2001 by Mark Hochhauser
Note: This document replaces "Lost in the Fine Print" I and II, which were posted on the PRC web site in April 2001 and May 2001.
Summary:
Now is not the time to toss junk mail and ignore inserts in your bank and credit card statements. "Watch your mail!" says Tena Friery, research director of the Privacy Rights Clearinghouse.
Because of a new federal law, financial institutions are now mailing notices to consumers containing important information about their privacy rights. "Failure to pay attention to these privacy notices may result in sensitive financial data being sold to other companies for marketing and other purposes," warns Friery.
Federal Trade Commission Workshop, held March 13, 2001
600 Pennsylvania Ave., N.W., Washington, D.C. 20580
Privacy Rights Clearinghouse
3100 - 5th Ave., Suite B
San Diego, CA 92103
Phone: (619) 298-3396
Web: www.privacyrights.org
Submitted April 30, 2001
Topics covered in these Comments:
- Biometrics Technologies
- Video Surveillance
- Online Privacy and E-commerce
- Workplace Monitoring
- Wireless Communications and Location Tracking
- Data Profiling
- Criminal Identity Theft
- Background Checks
- Information Broker Industry
- Public Records on the Internet
- Financial Privacy
- Medical Records Confidentiality
- Geneti
The Administrative Office of the United States Courts
Court Administration Policy Staff
Attn: Privacy Comments, Suite 4-560
One Columbus Circle, N.E.
Washington, D.C. 20544
Re: Comments on Privacy and Public Access to Electronic Case Files
Prepared by the Privacy Rights Clearinghouse and Electronic Frontier Foundation
To the Administration Policy Staff: