WASHINGTON - The financial services industry dodged two bullets Thursday when the Senate Banking Committee postponed action on tougher privacy legislation and deadlocked on an amendment that would have restricted the use of Social Security numbers.

Chairman Phil Gramm, supported by Republicans and Democratic Sen. Charles E. Schumer, fended off attempts to go beyond the Gramm-Leach-Bliley Act of 1999 by requiring financial institutions to get explicit customer consent before sharing medical and financial information with affiliates or third parties.

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