Less exciting than the prior week, but still a few news items on the corporate and financial fronts worthy of note.
Bank of America was mentioned in the American Banker as having sold credit card receivables to collection agencies without, how can we say this kindly, having scrubbed the data. Not to worry, the records were evidently sold “as is” per the contracts. But those consumers in the lists who had actually paid their debts may have found themselves getting collections calls nonetheless.
Senator Al Franken (D-Minnesota) gave a speech on data privacy to the American Bar Association’s Antitrust Section. His speech highlighted data privacy as an antitrust issue. An interesting speech that hits on some of the same issues I am dealing with in this blog (My Big Data Footprint and How Corporations Use It).
And in the sports world, Reebok was hit with a restraining order to cease manufacturing items with Tim Tebow’s name as their license to do so expired on March 1st. Details, details.
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