" The legislation, which President Bush is sure to sign, would probably
bar such California laws as those that allow victims of ID theft to freeze access to their credit reports, require credit
bureaus to abide by alerts on such reports and force credit card companies to verify applicants' identities when they want
a new credit card sent to a new address. It isn't even clear yet the extent to which other California laws might be affected
by the new, permanent federal pre-emption on some ID theft laws. "
Washington -- The news got worse Friday for advocates of California's groundbreaking financial privacy
law.
In addition to previous votes that gutted state provisions to prevent financial institutions from sharing customers' information
with others, the final version of the bill approved Friday afternoon by a House-Senate conference committee will roll back
some of the state's anti-identity-theft measures. ...
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