|Terrorism and Business Credit|
1. Denying Credit in the New Environment
Some industries, such as certain airlines, have discussed
racial profiling as necessary to ensure passenger safety. Can such
profiling carry over to credit analysis of commercial credit?
2. Privacy Rights in the New Environment
With the arrival of the Internet and sharing of a customer's
financial information electronically, a customer's privacy rights
to financial information has been at the forefront of legislation
passed by the U.S. Congress and state legislatures. The Federal Trade
Commission, the federal agency that regulates federal privacy legislation,
has been active in interpreting this legislation and has been concerned
with the unauthorized release of private credit information to third
parties, including the dramatic rise of the crime identity theft.
Courts, including bankruptcy courts, have wrestled with the breadth
of a customer's privacy rights and duties owed to customers.
Douglas G Fox, GSCFM, CCE is a member of Mid-Atlantic NACM and is active in the Greater Delaware Valley Region and Philadelphia area.
Scott E. Blakeley is a principal of Blakeley & Blakeley LLP where he practices creditors' rights and bankruptcy law. He can be reached at email@example.com
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