Just before their August recess, House lawmakers introduced two bills to change the way a new financial services law protects private customer data. Reps. Edward Markey, D-Mass., and Joe Barton, R-Texas, introduced H.R. 2720, the "Markey-Barton Consumers' Right to Financial Privacy . . .
Just before their August recess, House lawmakers introduced two bills to change the way a new financial services law protects private customer data. Reps. Edward Markey, D-Mass., and Joe Barton, R-Texas, introduced H.R. 2720, the "Markey-Barton Consumers' Right to Financial Privacy Act," after their attempts to add strong privacy protections to the Gramm-Leach-Bliley (GLB) financial services modernization bill were shot down during the 106th Congress.

Their bill also contains fines and jail time for people who fraudulently obtain private consumer information from financial institutions.

Another bill is making the rounds as well, introduced by Reps. Pete Sessions, R-Texas, and Deborah Pryce, D-Ohio.

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