D.C. - Privacy is an issue of great, and justifiably growing, concern. Privacy seems to be threatened as never before and on several fronts. The best way to safeguard one's privacy is to strive to retain control over one's own information.
Consumer choice is the key.
In the private sector, individuals protect their financial privacy as an integral part of the market process by providing information they regard as private only to entities they trust will maintain a degree of privacy for which they approve. It has become the latest vehicle for consumers to express their concerns over the loss of their financial privacy. Some groups opposed to the bill argue that the disclosure requirements are insufficient. They are misguided. An important distinction that is sometimes lost in the privacy debate has been the reason for the loss of privacy and consumer choice.