NU Online News Service, Jan. 29, 2004, 1:13 p.m. EST – A California group says 10 financial services companies have flunked its new privacy report card program.[@@]
The Consumer Federation of California Education Foundation, Sacramento, Calif., surveyed 55 insurers, banks and investment brokers.
The group gave its top grade, A plus, to a credit union and 1 insurer, Pacific Life Insurance Company, Newport Beach, Calif.
The group gave a total of 8 grades of A minus or higher, 12 grades in the B range, 19 grades in the C range and 6 grades of D.