Last-Ditch Fix Could Hurt Calif. Consumers
NU Online News Service, Aug. 20, 2:25 p.m. EST?California State Senator Jackie Speier's latest attempt to overhaul operations of the financial services industry will backfire and consumers will pay the price, according to the American Insurance Association.
"Here we go again. With two weeks left in the California session, legislation pertaining to consumer privacy is being drastically altered," said Bill Gausewitz, AIA assistant vice president, Western region, referring to possible changes to SB 773, a measure authored by Sen. Speier, D-San Francisco.
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