From: PYMNTS.com
The war of words over whether the U.S. federal government should beef up regulation of retailers’ data security got another salvo from a credit-union organization last week, in a letter telling congressional leaders that retailers should be regulated like financial institutions.
“Congress must act to ensure technology standards are accompanied by strong data safekeeping standards for merchants and retailers akin to what credit unions comply with under the Gramm-Leach-Bliley Act,” National Association Of Federal Credit Unions (NAFCU) CEO Dan Berger said in letters dated April 2, 2015, and addressed to Senate and House leaders, Credit Union Times reported.
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