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Honored Contributor
Posts: 18,313
Registered: ‎07-26-2014

Re: Your bank account balances are for sale, not secret

[ Edited ]

Appears to me, Georga needs to change their banking privacy laws.

 

I live in New Jersey.  Every year I am mailed a letter from my bank asking permission to release my banking info to 3rd parties which includes vendors.  I always check off NO, sign & dated.  I make a copy to keep in my records.

"Never argue with a fool. Onlookers may not be able to tell the difference."


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Respected Contributor
Posts: 4,936
Registered: ‎07-02-2015

Re: Your bank account balances are for sale, not secret

If the entire story is read, it's clear that the problem is not unique to Georgia. 

 

The Federal Trade Commission has not been  thoroughly enforcing the federal law that  prohibits the problem, which has been going on for years and actually  has resulted in some significant court cases around the country.

 

Private investigators who search for and sell bank account information to lawyers have been prosecuted, but the government has stopped short of prosecuting the lawyers who asked the PI's to get the info and then used it.

 

Our tax dollars at work, and not working very well for consumers, apparently.

Esteemed Contributor
Posts: 6,253
Registered: ‎03-09-2010

Re: Your bank account balances are for sale, not secret

dental & doctor offices give SSNs to "off shore" third party contractors so they can call the insurance companies to 

check on claim and benefits

 

how does anyone know they are HIPAA compliant?

 

huge HIPAA breach in my opinion

 

I've taken calls for 20+ years   it really ticks me off

Respected Contributor
Posts: 4,427
Registered: ‎03-09-2010

Re: Your bank account balances are for sale, not secret

Why not pay your HOA bill instead of getting sued for what you agreed to pay? I can see why this is a thriving business to get deadbeats to pay their bills.
Esteemed Contributor
Posts: 5,453
Registered: ‎02-02-2015

Re: Your bank account balances are for sale, not secret


@Mary Bailey wrote:

dental & doctor offices give SSNs to "off shore" third party contractors so they can call the insurance companies to 

check on claim and benefits

 

how does anyone know they are HIPAA compliant?

 

huge HIPAA breach in my opinion

 

I've taken calls for 20+ years   it really ticks me off


 

You do not have to give your ss number to medical offices. They usually use the number for filing.  Maybe it's different when on Medicare or Medicaid.

Honored Contributor
Posts: 33,580
Registered: ‎03-10-2010

Re: Your bank account balances are for sale, not secret


@esmerelda wrote:

@missy1If that's the case, what's the point of having a checking account?


That's why some people don't have bank accounts.  They don't pay their bills so they have no account to garnish.  They cash paychecks at Walmart or some other check cashing place. 

Trusted Contributor
Posts: 1,136
Registered: ‎06-25-2018

Re: Your bank account balances are for sale, not secret

i keep just enough in my checking to pay bills nothing more.