Congress pays lip service to consumer protection

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Regarding the Jan. 18 editorial “Protect the Consumer: Credit Companies Must Modernize Their Cards”: A capital idea, though unfortunately one that gets the necessary follow-through from neither government nor corporate America, represented by large merchandisers and credit card issuers.

It appears, notwithstanding this Personal Data Privacy and Security Act introduced more than eight years ago by Sen. Patrick Leahy (how hard did he push it?), that little has been accomplished by Congress, which is often described as “being on the take,” dependent on corporate money.

As for corporate America, the financial sector and those credit card issuers, they don’t want to spend the money to upgrade old systems, so the consumer gets hauled over the coals of data breaches and inconvenience, while corporate executives get ever larger bonuses.

As I said, protecting the consumer, the subject of the PG’s headline, is a capital idea. Too bad it’s more honored in theory than it is in practice. Perhaps one day. I will not hold my breath waiting, though.

ALAN SCHULTZ
McCandless

 


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