Credit unions fully support legislation containing a national data security and privacy standard, CUNA wrote to the Senate Commerce Committee Wednesday for its hearing consumer privacy.
“Credit unions strongly support the enactment of a national data security and data privacy law that includes robust security standards that apply to all who collect or hold personal data and is preemptive of state laws. We firmly believe that there can be no data privacy until there is strong data security,” the letter reads. “With that in mind, credit unions call on Congress to pass a robust national data security standard that would cover all entities that collect consumer information and hold those who jeopardize that data accountable through regulatory enforcement.”
CUNA supports the following principles for federal privacy and data security legislation: