E-Loan Inc. customers worried about safeguards when data get outsourced to India can choose to have loan applications processed domestically, though loans in such cases would take two additional days to close.Not only is the customer given options for controlling how/where their data is processed, but importantly they are explained the consequences of the choices they make.
The same idea as demonstrated in this Flash.
I wonder if those who opt for local-processing are making an informed decision, i.e. basing their choice based on objective analysis and not some xenophobic gut reaction. I expect E-Loan doesn't disclose which data centers, US or Indian, have better records for employee retention - always a factor in privacy goodness.
2-day difference in loan processing times, hmmm. North America will never be able to compete until we get computers that are equally as fast as those being used in Asia.