Restore Online Shoppers’ Confidence Act.
http://www.shoemoney.com/2011/01/03/...ome-criminals/
This is HUGE if true. (Don't know if this has been posted yet.)
* The bill expressly prohibits data transfer of any consumer financial information for the purpose of billing a 3rd party transaction. For post-transaction upsells, billing information has to be re-collected. Ouch.
* The bill requires material terms of all negative option offers to be disclosed prior to the collection of consumer billing information.
* The bill includes references to credit, debit, AND bank account information (meaning that the ACH and check 21 billers in the industry are no longer off the hook.)