Privacy in the Information Age Part II: Financial Records Privacy
May 24, 2000
Information technology has introduced dramatic efficiency improvements in the financial services sector, making it easier and less costly to collect and process consumer financial information. The availability of reliable financial data on consumers has lowered mortgage rates and enabled banks to offer credit to more people than ever before.
At the same time, the ability to aggregate and distribute data cheaply has raised public concern about how personal financial data is utilized and shared.
As Congress considers the impact of financial services modernization, the challenge remains to find an appropriate balance between unfettered information flow and personal privacy protection.Senator Jay Rockefeller and Senator Bill
Frist lead a panel discussion with three experts on financial privacy.  Written Transcript of the session
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Featured Speakers: |
Julia Johnson, Senior Vice President of Bank One Corp. -- the fourth-largest bank holding company and a leading innovator financial innovator, having launched Wingspan, the first purely online consumer bank. |
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Paul Schwartz, Professor, Brooklyn School of Law -- an internationally-recognized expert on privacy and information law. |
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Julie Brill, Assistant Attorney General for the State of Vermont -- a leading advocate of strong privacy protection, she co-chairs the Privacy Working Group of the National Association of Attorneys General. |
Led by U.S. Senators Jay Rockefeller and Bill Frist, the Forum advocates no particular position or policy prescription. Our sole purpose is to inform. Our briefings are nonpartisan, balanced, and open to the public and the media.
