IP: Transatlantic Privacy War...

[David Farber <dave () farber net>]

> Date: Wed, 28 Mar 2001 21:20:39 -0800
> To: dave () farber net
> From: "Suzanne M. Johnson" <sjohnson () pobox com>
> Subject: Transatlantic Privacy War...
>
> Transatlantic Privacy War Heats Up
> The transatlantic tug of war over different privacy standards notched up 
> as the Bush administration complained to the European Union about the 
> burden their privacy rules will put on U.S. financial institutions.
> Senior Commerce Department and Treasury officials said in a March 23 
> letter released Tuesday that Europe's requirements protecting consumer 
> privacy are "incompatible with real-world operations."
> U.S. financial institutions are putting in place privacy protections under 
> the Gramm-Leach-Bliley Act that modernized the banking system. But those 
> privacy protections fall short of those mandated for Europeans by the EU 
> privacy directive. --Mary Mosquera
> Read the rest:
> http://update.internetweek.com/cgi-bin4/flo?y=eDCL0Bd3p70V30MH35




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