Joanna Glasner reports in a Wired article that the U.S. citizenry is plenty grumpy about a recent law—the Financial Modernization Act of 1999—that requires them to opt-out if they want to prevent financial institutions from sharing their personal information.
Opt-out notices buried in junk mail, confusing legalese, and potentially invasive sales tactics are the specific problems most cited in a survey conducted by the U.S. Treasury’s Office of Thrift Supervision over the past two months.
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