Rep. Maloney Asks Chase CEO for ID Breach Answers

May 1, 2007 Issues: Consumer Banking, Financial Services, Identity Theft Protection, Local Issues

WASHINGTON – Congresswoman Carolyn Maloney (Manhattan, Queens) today asked JPMorgan Chase CEO James Dimon to explain why several New York City Chase banks - including four in Maloney’s district - were caught improperly disposing of confidential customer records.  A local SEIU chapter documented (click here for video ) Chase banks dumping the unshredded personal financial information of customers - including social security numbers, phone numbers, and account numbers - in publicly accessible curbside trash.
“Consumers should be able to trust banks to safeguard their personal information, and not turn it into a curbside criminal buffet.  Identity theft is on the rise, and banks need to be vigilant about safeguarding their customer’s personal information.  I’ve asked JPMorgan Chase for assurances this type of lax oversight will not happen again,” said Maloney.    

Congresswoman Maloney is the Chair of the Financial Institutions Subcommittee, where she oversees the American banking industry.  Upon hearing of the security breach, she penned this letter to JPMorgan Chase Chairman and CEO James Dimon. 

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