ACORN Document Dump: Trashing a Person’s Credit History
by PubliusBanks, businesses and organizations like ACORN who receive individual’s personal financial records are bound by strict federal and state laws to protect that information. The law is chiefly enforced through the Gramm-Leach-Bliley Act of 1999 (GLB), which was a previous attempt by Congress to restructure the financial sector.
While chiefly focused on banks and financial institutions, GLB also covers groups like ACORN who are “non-bank mortgage lenders, loan brokers, some financial or investment advisers, tax preparers, providers of real estate settlement services, and debt collectors.”
We know ACORN provide tax preparation and other financial counseling. We leave to others whether or not ACORN falls under the letter of GLB. They certainly fall under the spirit of what legislators were trying to achieve. At the very least, the were trying to prevent credit reports, for example, from being thrown away in a public dumpster:
ACORN – Credit Report _Redacted_ -
Email this to a friend | Print |
Share on Facebook
| Tweet this
| 
Follow Us on Twitter
Subscribe via RSS
Got a Tip?