Using a SSN for Online Access

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Question:

I recently heard about an FDIC rule regarding the use of social security numbers for logins and/or passwords to access accounts online. I have tried to find more information regarding this but have been unable to come up with anything.

Answer:

While there may be something more recent, this was warned against as early as 2001, in the FFIEC release that the FDIC published as part of FIL-69-2001. Also, I believe that several states have passed such legislation, including California.

First published on BankersOnline.com 3/7/05