SACRAMENTO, Calif. — A landmark data breach bill protecting credit and debit card holders from identity theft and creating new requirements on breach notification was progressing through the California legislature last week winning an overwhelming 55-2 bipartisan vote in the state Assembly.
The measure, drafted by the California Credit Union League, may have rougher sledding in the state Senate where retail groups and banks may oppose it, sources said.
"This is a huge victory for Californians, who will have additional safeguards in place every time they make purchases with a credit card," said William Cheney, league president and CEO.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
