Fergie's Tech Blog

UK Government Wants to Allow Data Sharing on 40M Bank Accounts Without Permission

Via OUT-LAW.com.

The government is considering allowing banks to share data on up to 40 million bank accounts without account holders' permission. The plan is one of four being considered by the Department of Trade and Industry (DTI).

In a move to counter what it calls the UK's over-indebtedness the DTI wants to share information on 40 million bank accounts to prevent their users borrowing too heavily. It will consult with industry on four plans, two of which involve ordering that debt data be shared.

posted by Fergie @ 10/16/2006 02:29:00 PM