Consumer Groups, Banks Battle About Components of Id Theft Legislation ; Advocates Say Tougher Measures Are Needed, but Financial Institutions Say a Higher Standard Is Unrealistic.

Summary

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WASHINGTON -- As identity theft becomes a growing problem for Americans, Congress has begun pushing for greater personal identity safeguards.

But the effort has sparked a battle on Capitol Hill between consumer advocates and the banking industry over just how far the government should go to protect the public.

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Consumer Groups, Banks Battle About Components of Id Theft Legislation ; Advocates Say Tougher Measures Are Needed, but Financial Institutions Say a Higher Standard Is Unrealistic.

Among the issues:

- At what point should financial companies notify consumers when their personal data -- such as Social Security and drivers' license numbers ...

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