HARRISBURG, Pa. - (06/21/05) -- Recent incidents of mass theft ofpersonal data is expected to give a boost to several billsintroduced in the state legislature aimed at thwarting identitytheft and other unauthorized uses of consumers' personalinformation. One of the bills would require that all businessesnotify their customers, not just their credit agencies, if theylearn that personal information has been compromised. Another wouldmake it crime for someone to install spyware, software used tosteal personal information or steer ads to a computer user, onsomeone's computer without permission, or with the intention ofcollecting personal information. The introduction of this billcomes after the U.S. House passed a similar anti-spyware bill,which would create monetary and criminal penalties for spywarepurveyors. Others measures being proposed would: allow individualsto put a security alert on their credit report, if they suspectsomeone has stolen their credit information; allow cell phonecustomers to opt out of a company's subscriber directory; woulddiscourage businesses and government agencies from posting SocialSecurity numbers online; and require the state Department ofTransportation to issue a new driver's license number to anyone whocan show that he's been the victim of identity theft.
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Two former members of the Federal Open Market Committee said in interviews that they expect the Federal Reserve to keep rates steady amid uncertainty over the ongoing war with Iran and the resulting upward pressure on inflation.
March 27 -
Goldman Sachs Chief Legal Officer Kathryn Ruemmler received an 11% pay hike last year, bringing her total compensation to $25 million; U.S. Bank promoted Toby Clements to chief operations officer; Klarna is expanding its forward-flow and whole-loan sale deal with Elliot Investment Management to $2 billion; and more in this week's banking news roundup.
March 27 -
Carter Bankshares in Martinsville, Va., sold more than $200 million of loans made to companies controlled by Sen. Jim Justice and his family, closing out a once close relationship that later descended into rancor and litigation.
March 27 -
The Federal Deposit Insurance Corp.'s Office of Inspector General said in a Thursday report that staffing cuts over the past year could strain supervision and the agency's response to a crisis.
March 27 -
The latest rise in property tax collections at the end of last year continued a nine-quarter streak of increases, according to the National Association of Home Builders.
March 27 -
American Banker data finds that regulatory clarity is the top ask from executives holding back on adoption planning.
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