Customer Identification Programs for Banks, Savings Associations and Credit Unions

The National Consumer Law Center ("NCLC") submits the following comments on behalf of its low income clients regarding the proposed rules on Customer Identification Programs for financial institutions. NCLC makes this comment for two reasons. First, we present comments regarding the potential effect of the proposed regulations on addressing the serious problem to consumers of identity theft. Second, we want to ensure that Customer Identification Programs contain a reasonable method for new immigrants to this country to have access to basic financial services. We believe that these distinct issues do not require contradictory results.
http://www.nclc.org/initiatives/test_and_comm/id_program.shtml
or http://tinyurl.com/2mfg6c