Read the text of the news release here.
It is refreshing to see that ACOG can make some improvements in judgment, albeit small ones. While they still won't take a stance for or against it, their revised opinion on the scam that is private cord blood banking is a small nudge in the right direction.
I especially like the statement, "ACOG also advises physicians who recruit patients for for-profit cord blood banking to disclose their financial interests or other potential conflicts of interest to pregnant women and their families."
My major concern with cord blood banking is the necessity of cutting the umbilical cord earlier than might be optimal in order to preserve the cord blood, thereby depriving the newborn of the blood. A representative from a cord blood-banking company may be speaking to our homebirth group this year; it will be interesting to see what they have say on these issues.