WASHINGTON (5/19/15)--More than 33,000 messages from credit unions have been sent to the U.S. Congress in support of data breach legislation following CUNA’s action alerts on U.S. Senate and House bills.
CUNA issued action alerts in April and May to garner support for the two bills that would provide a strong national data security standard.
Through CUNA’s Member Activation Program, emails to CUNA’s advocate list and efforts from leagues, more than 500,000 credit union members and staff have been contacted and urged to write their legislators.
The Data Security Act of 2015 (S. 961/H.R. 2205) has been introduced in both houses. CUNA President/CEO Jim Nussle called the bills the best attempt so far at legislation to stop merchant data breaches.
The Data Security Act of 2015 would provide a floor for data security standards nationwide for entities that handle consumer data. It would also exclude financial institutions for those standards, because they are already subject to the rigorous standards under the Gramm-Leach-Bliley Act.
The Northwest Credit Union Association is in Washington, D.C., this week, speaking to members of Congress from their respective states on data breaches, among other topics.
At least 12 other leagues have signed up to Hike the Hill this summer and fall. Representatives from the leagues and their member credit unions will speak to legislators, regulators and other policymakers during their time here.
CUNA also has a number of resources available for the credit union community to take action, including: