NAFCU last week outlined a five-point regulatory relief plan the trade will pursue this year.
President/CEO Fred Becker penned the letter to the House Financial Services Committee and Senate Banking Committee that includes initiatives that would hold merchants accountable for the costs of data breaches and provide better access to the Central Liquidity Facility.
The five points detailed in the plan include administrative, structural and operational improvements, as well as reforms to capital rules and data security.
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