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Data Security Bills Bog Down in Turf Fights on Capitol Hill; Competing Measures Still Far from Perfect, Lobbyists Say

WASHINGTON - Even as the credit union industry continues to reel under the assault of plastic card fraud, it looks increasingly unlikely that Congress is going to send any cavalry to the rescue in the form of additional laws or authority.

By David Morrison | Updated on June 20, 2006

WASHINGTON – Even as the credit union industry continues to reel under the assault of plastic card fraud, it looks increasingly unlikely that Congress is going to send any cavalry to the rescue in the form of additional laws or authority.

The perennial Washington battle over turf among competing federal agencies and competing Congressional committees appears to be the main culprit, according to lobbyists for both NAFCU and CUNA-though they differ a bit on what the prospects for an overall bill might be this year.

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