On CUNA’s radar: Patent ‘troll,’ cybersecurity info-sharing hearings this week

As key credit unions issues are addressed in both chambers of Congress this week, CUNA will be engaged in the conversations and looking at how they might affect credit unions. In CUNA’s “The Weekly Legislative Update,” Chief Advocacy Officer Ryan Donovan breaks down those hearings, as well as new resources available for the nearly 5,000 credit union leaders who will be attending CUNA’s Governmental Affairs Conference (GAC).

CUNA will submit a letter for the record for a  hearing conducted Thursday by the House Energy and Commerce subcommittee on commerce, manufacturing and trade, concerning patent demand letters. CUNA is encouraged by a bill that would combat abusive patent lawsuits, and is continuing to pressure Congress to do more to combat “unfair and deceptive” patent demand letters.

Along with a coalition of other financial services trade associations, it has outlined principles to Congress to address these growing problems. (See a related story in today’s News Now about league efforts to combat these “patent trolls”: Leagues combat ‘patent trolls’ on many fronts.

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