When less law is good law

Consumer advocate groups are cheering the news that Congress won’t be passing any new data theft laws anytime soon. State laws have been flying, and they are much more consumer friendly anyway.

That is a good thing, as big business only has to do a little move-and-shake lobbying to protect their interests, so you know any federal law is bound to be a little weak. The other good thing is we can look forward to continued SEC disclosures describing the foul-ups.

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