SACRAMENTO — After months of extensive scrutiny, a proposed data security bill sailed through the California Assembly, passing by a margin of 55-2.
AB 779, which is supported by the California Credit Union League, now moves on to the state's Senate. If passed as written, the bill will require retailers responsible for compromised card information to assume all costs of notifying consumers and replacing their cards. Retailers must also follow key provisions of the Payment Card Industry (PCI) data security standards.
"This is a huge victory for Californians, who will have additional safeguards in place every time they make purchases with a credit card," said Bill Cheney, League president and CEO. "We are very pleased with the Assembly's efforts to enact legislation that will protect consumers from future data and credit card thefts."
The bill faced heavy opposition from retailers and banks. –[email protected]
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