Further, any purchase that benefits a single municipality should be addressed by that municipality. Private property owners determine the best use of land far better than the government. Our goal should be to privatize as much land as possible and strictly limit the government's role to protecting the property owner's rights. If this results in a bank every 100 yards, so be it. If that is too many, the free-market will put them out of business.
Personal information is property, and protecting property rights is a proper government function.
As long is this is implemented as a means of legal recourse for individuals rather than as government regulation, it is supportable. Free-market activities, including gambling and the sale of alcohol, should not require permits. While the Act referenced may itself be questionable, the need for clear penalties is essential to the rule of law. Laws that are clear and unjust are less prone to abuse than laws that are vague and unjust. Handling violence is a proper government function, and the crime does not become any less criminal simply because the government is not efficient in solving in a certain time period.