EC says U.S. privacy rules concerns are baseless
The official confirmed that the EC received a joint letter from the U.S. Department of Commerce and the U.S. Department of the Treasury on Monday that says the Bush administration is worried that standard contractual clauses being drafted by the EC will force U.S. companies in the financial sector to abide by European Union (EU) privacy rules, which are stricter than U.S. privacy rules.
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