This testimony by Edmund Mierzwinski, Consumer Program Director (U.S. Public Interest Research Group (U.S. PIRG), from the September 19, 2002 Oversight Hearing On Financial Privacy and the Gramm-Leach-Bliley Financial Services Modernization Act (GLBA), represented the views of member of the Privacy Coalition.
It is a detailed and well annotated chronicle of the Act’s limitations and failures in respect to protecting the privacy of personal financial data, which is routinely shared and traded within institutions, and bought and sold among institutions.