Wilmington Delaware - Paper Shredding Capital Of The World? By D. David Dugan At Isnare.com Ezine Articles

Let's hope so!

According to the Wikipedia, much of Wilmington Delaware's economy is based on its status as the most populous and readily accessible city in Delaware, a state that made itself attractive to businesses with pro-business finance laws and a longstanding reputation for a fair and effective judicial system.

Wilmington has become a national financial center for the credit card industry, largely due to regulations enacted by former governor Pierre S. du Pont, IV in 1981. The Financial Center Development Act of 1981 eliminated the usury laws enacted by most states, thereby removing the cap on interest rates that banks may legally charge customers.

Wilmington Delaware is the home for some of the largest financial institutions in the world. Chances are there are some documents in this city with your personal information on them. How are these documents being managed? Are they being shredded or destroyed? If they are stored electronically are the hard drives being properly destroyed when the time comes?

I'm not sure of all these answers, but I do know they should be. At least according to the government. With regulations like the Health Insurance Portability & Accountability Act (HIPAA), Gramm-Leach-Bliley Act (1999) Financial Services Modernization Act and the Federal Privacy Act of 1974 the government is trying to force the proper destruction and handling of our documents.

It's not like it's difficult either. There are many companies that offer complete document destruction services. They shred paper, destroy documents, convert them to DVDs, destroy hard drives and they do it all on site. That's an important fact too, the on-site part. This means that your documents never leave the secure facility without first being shredded.

So I'm not sure if Wilmington Delaware is the paper shredding capital of the world, but I sure hope it's one of them.

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