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Privacy Hurdles Trip Up Insurance Fraud Investigators

True story: A state insurance fraud bureau chasing a suspected swindler recently approached a large multinational bank where the man was a customer and sought his financial information. The institution refused, telling stunned investigators their target would have to be notified before the crucial data was released. This was a federal privacy requirement, the bank insisted.

Now it doesnt take a Ph.D. in astrophysics to know that tipping off the suspect could wreck the investigation. But more to the point, the bank was dead wrong about federal privacy law.

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