CUNA encouraged Congress to consider ways consumers’ personal data could be put at risk in a letter to Senate Banking Committee leadership Tuesday. CUNA President/CEO Jim Nussle submitted the letter for the record of the committee’s hearing on consumer data security and credit bureaus.
“As this Committee works to shed light on the impact of the Equifax breach and to ensure consumers are not at further risk, we encourage you and your colleagues to consider the risk to consumers’ personal data in other sectors of the economy, including the retail sector, as well as at federal agencies like the Consumer Financial Protection Bureau (CFPB),” Nussle wrote, adding that the Equifax breach is “only the last in a long string of massive data breaches” affecting consumers.
CUNA previously wrote to the committee, and other Congressional committees, emphasizing the need for Congress to ensure affected consumers are notified what information may have been exposed.
CUNA has also filed a lawsuit against Equifax as a result of the breach, which exposed the personal data of more than 145 million consumers.