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Home » Store » Taxable » Senate Kills Feinstein-Boxer Amendment, Industry Confident About S. 1753’s Passage

Senate Kills Feinstein-Boxer Amendment, Industry Confident About S. 1753’s Passage

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The U.S. Senate early this week rejected an amendment that would have allowed consumers to block financial institutions from sharing personal customer information with thousands of affiliates, as it passed legislation reauthorizing the Fair Credit Reporting Act. The amendment sponsored by California Democrats Dianne Feinstein and Barbara Boxer sought to prevent financial institutions and their affiliates from using customers’ personal information to “profile” and “extract
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