In announcing a privacy settlement with Chase Manhattan Corp. earlier this year, New York Attorney General Eliot Spitzer said that new technology has put us in an "electronic fishbowl."

As banks wait for the final regulations governing the privacy provisions of the sweeping Gramm-Leach-Bliley Act (GLBA), state legislators and attorneys general are already taking action. The issue, and the intensity with which consumers and elected officials are rallying around it, are forcing banks to monitor their policies on consumer data with a watchful eye to new technology.

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