LANSING, Mich. (12/3/13)--Representatives from Michigan credit unions and the Michigan Credit Union League testified before the state House Criminal Justice Committee regarding a package of five bills related to ATM card skimming last week (Michigan Monitor Dec. 2).
Credit union representatives who testified included:
Financial institutions have found that skimming devices are readily available for sale and take a minimal amount of time to install on ATMs, gas pumps and more. Within minutes, criminals can install a camera or other card-reading device and PIN-capturing device onto an ATM or other financial transaction device, and collect consumer personal information.
Currently, there are conflicting penalty provisions in state law that must be resolved, and jurisdictional adjustments are needed to facilitate easier prosecution, said the league.