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June 13, 2002 at 08:00 PM
NU Online News Service, June 13, 10:01 a.m. – North Dakota residents voted 72% to 28% Wednesday to kill a 2001 state law that allowed banks to share and sell customer information.
To get out of such arrangements, customers had to “opt out,” or take active steps to reject sharing of information.
Now that the referendum has passed, banks must get customers to “opt in,” or take active steps to permit sharing of information, before sharing or selling the information.
The election, which was also a primary election, attracted fewer than 27% of North Dakota’s 481,351 voting-age residents, according to the North Dakota secretary of state.
