The privacy provisions in the financial reform law that President Clinton signed into law last week do not go far enough to satisfy the European Union.

The law did not help the cause of reconciling regulatory discrepancies -- the subject of tough negotiations for more than a year between European and American officials -- that could prevent U.S. banks, credit card companies, and others from marketing internationally using data-base techniques that have proved successful at home.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.