NAFCU Vice President of Legislative Affairs Brad Thaler, in a letter yesterday, outlined credit unions’ guiding principles for Congress to keep in mind as it works on a legislative solution for data and cybersecurity standards. NAFCU is a leading advocate for a national data security standard for all entities that collect and hold consumers’ personal and financial information.
Thaler was responding to a request for comments from Reps. Greg Walden, R-Ore., and Bob Latta, R-Ohio, on data breach legislation. Walden is the chairman of the Energy and Commerce Committee, and Latta is the chairman of the Subcommittee on Digital Commerce and Consumer Protection.
NAFCU’s guiding principles for data security legislation, as outlined in Thaler’s letter, include:
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