E-LOAN Rated One of North America's Top Ten Companies for Privacy
14 Septembre 2005 - 2:00PM
PR Newswire (US)
E-LOAN is the Only Financial Services Company to Make the Customer
Respect Group's Top Ten List PLEASANTON, Calif., Sept. 14
/PRNewswire-FirstCall/ -- E-LOAN(R) (NASDAQ:EELN), an online
consumer direct lender and longtime advocate of consumer financial
privacy protections, today announced that The Customer Respect
Group's 2005 Privacy Report rated E-LOAN as one of North America's
top ten companies for privacy. E-LOAN was the only financial
services company and the highest ranking online company to make the
top ten. "Fighting for and protecting consumers' financial privacy
rights has always been one of our core values and has helped us
build E-LOAN into a trusted brand," said Mark Lefanowicz, Chief
Executive Officer and President of E-LOAN. "And, of course, it is
incredibly rewarding to continue to be recognized year after year
by consumers and independent researchers as a national leader in
privacy practices and policies." "We reviewed the policies and
practices for the customer's information rights and privacy for
over 400 major corporations in a very comprehensive review," said
Terry Golesworthy, President of The Customer Respect Group. "Very
few companies managed to balance the privacy rights of individuals
with respect to their personal data against the need of
organizations; we were delighted to see that E-LOAN had achieved
that balance to the benefit of all of its customers." The
independent Privacy Report released by The Customer Respect Group,
an international research and consulting firm that focuses on how
corporations treat their customers online, was researched during
the first six months of 2005 and reflects the current state of
online privacy offered by major North American companies. It
analyzed 464 major corporate Web sites to determine critical trends
in 21 factors relating to online privacy. Of the 464 reviewed, 170
companies reached a level that was judged to be acceptable. The
Privacy Report reviewed actual practices employed such as usage of
supplied personal data, transparency of policies and "opt-in" vs.
"opt-out" policies. Each of the factors was judged across a wide
range of possible responses to create additional granularity. The
top 20 list includes the following companies in descending order:
Intel, Expedia, E-LOAN, Verizon Wireless, Estee Lauder, Marriott,
Con-Way Transportation Services, IBM, Medco Health Solutions, and
Orbitz. For more detailed information or to purchase the Privacy
Report, interested parties may visit
http://www.customerrespect.com/, call 617-378-3173 or email . About
E-LOAN E-LOAN(R) is an online consumer direct lender dedicated to
providing borrowers with a simple, easy and open way to obtain
mortgage, auto and home equity loans. Since its launch in 1997,
E-LOAN has drawn upon its pro consumer values to improve the
lending experience in revolutionary ways. By eliminating the
traditional incentive structure to charge consumers higher rates,
giving consumers free access to credit scores and getting rid of
lender fees, E-LOAN is providing a uniquely open, fair and honest
loan process. Protecting consumers' financial privacy is also a
paramount concern, prompting E-LOAN to implement industry leading
privacy practices and advocate strong consumer financial privacy
protection laws. Consumers have recognized E-LOAN's trustworthiness
and respect for customers. An independent study conducted by TRUSTe
and The Ponemon Institute ranked E-LOAN as one of the top 20 most
trusted companies for privacy in America. E-LOAN was the highest
ranked online financial services company to make the top 20. From
inception through June 2005, E-LOAN has originated and sold over
$26.7 billion in consumer loans. E-LOAN is publicly traded on the
Nasdaq National Market under the symbol EELN. To find out more
about E-LOAN and its products and services, logon to
http://www.eloan.com/ or call 1-888-E-LOAN-22. This news release
contains forward-looking statements based on current expectations
that involve risks and uncertainties. E-LOAN's actual results may
differ from the results described in the forward-looking
statements. Factors that could cause actual results to differ
include, but are not limited to, general conditions in the mortgage
and auto industries, interest rate fluctuations, and the impact of
competitive products. These and other risk factors are detailed in
E-LOAN's periodic filings with the Securities and Exchange
Commission. Contact: Press, Laurie Azzano Cosmo Public Relations
415-786-3317 Press/Investors, Tiffany Fox E-LOAN, Public/Investor
Relations 925-847-6314 DATASOURCE: E-LOAN CONTACT: press, Laurie
Azzano of Cosmo Public Relations, +1-415-786-3317, or , for E-LOAN;
or press/investors, Tiffany Fox of E-LOAN, Public/Investor
Relations, +1-925-847-6314, or Web site:
http://www.customerrespect.com/ Web site: http://www.eloan.com/
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