Judge OKs part of local banking privacy ordinances DAVID KRAVETS
(07-29) 17:39 PDT SAN FRANCISCO (AP) --
A federal judge on Tuesday upheld parts of municipal ordinances in California that prohibit banks from sharing financial information about their customers' finances without prior approval.
The decision by U.S. District Judge Claudia Wilken, if it survives, means banks must get approval from customers before sharing or selling customer information with third parties, such as insurance companies and other financial institutions not affiliated with the bank.
Wilken ruled in response to a challenge to local ordinances, set to take effect Sept. 1, that were approved last year in Contra Costa County, San Mateo County and Daly City.
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