Sen. Schumer calls for investigation of credit card companies
Sen. Chuck Schumer (D-N.Y.) is calling for a full investigation into what credit companies can do with consumers' private information.
He is calling on the Federal Trade Commission to investigate the selling of private information like an individual's personal income and even medication use by credit agencies to third parties.
Meanwhile, the credit card consumers take a dim view of the sharing of their personal info. "I think our information should be private, unless we sign a release form agreeing that they can use it for those purposes," said Karen Amann, of North Salem.
Schumer says, that is part of the problem. He says credit reporting agencies are selling information on consumers, but not providing the same information to the consumers themselves.