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Last week, America’s Credit Unions (ACU) released a white paper focused on data privacy ahead of the House Energy and Commerce Committee’s hearing to examine legislation that would establish a federal comprehensive privacy and data security law.
This paper, which included vital feedback collected from credit unions and members of ACU’s Advocacy Policy Committee, was distributed to every single office on Capitol Hill, the NCUA, and leagues.
To download a copy of the white paper, please click here.
As outlined in the paper’s conclusion, ACU shared that, “The integrity and safety of our nation’s sensitive consumer data depends on building a strong federal data privacy law that covers all players in the market while recognizing existing standards, so as to not establish conflicting or overly burdensome requirements on already highly regulated and supervised entities like credit unions.”