CUNA and NAFCU have called on lawmakers to address what a retailer's responsibility will be for the cost of a data breach on their system as part of a data security bill that's currently being considered by a House committee.
The House Commerce, Manufacturing and Trade Subcommittee marked up the Data Security and Breach Notification Act of 2015 on Wednesday. The bill has advanced to the full House Energy and Commerce Committee.
Meanwhile, the National Retail Federation has been advocating for financial institutions to embrace chip and PIN credit cards to combat fraud.
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