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05-07-2010, 06:59 PM #1
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Sen. Shelby: Financial Reform Violates Privacy
Sen. Shelby: Financial Reform Violates Privacy
Friday, May 07, 2010
By Matt Cover, Staff Writer
(CNSNews.com) – Sen. Richard Shelby (R-Ala.), senior Republican on the Senate Banking Committee, said that provisions in the new financial regulatory bill violate privacy rights by allowing the government to collect any financial information it wants from any financial institution it wants.
Shelby, speaking at a press conference outlining Republican concerns about the financial regulatory overhaul, said that the bill violated Americans’ privacy rights by allowing the government to collect any financial information from any financial firm.
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