Now that the Target data breach suit has class-action status, many in the credit union industry are eagerly looking forward to the proceedings and the new regulations they could advance.

Clark Yelverton, president/CEO of CSE Federal Credit Union, was especially pleased with the Sept. 15 decision by a Minnesota District Court judge. His credit union is one of five financial institutions — and the only credit union — that asked for an injunction in April after Target offered $19 million to settle breach claims with MasterCard issuers.

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Tina Orem

Credit Union Times

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