Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
League-supported card security bills stall in Wisconsin
MADISON, Wis. (3/13/08)--Two plastic card data security bills backed by credit unions and the Wisconsin Credit Union League did not make it out of the State Assembly Tuesday. The bills--AB 745 and SB 439--would have prohibited merchants from retaining consumers' secret personal identification numbers or security codes after processing a credit or debit card transaction. The bills were killed Tuesday evening by a procedural motion during the Assembly's floor session, said the league. AB 745 was tabled, preventing the full body from taking an up or down vote on the measurer. Both bills had easily passed through both chambers' financial institutions committees and passed the full State Senate without objection. The popular measures had 44 legislators listed as sponsors, but lobbyists and individuals representing merchants, retailers and other special interests had launched a massive campaign against the measurers, the league had said earlier this week (News Now March 10). "We're disappointed that Wisconsin consumers won't be able to enjoy the protections this bill would have afforded them," said league President Brett Thompson. "But we're committed to standing up for consumers and working hard to see this legislation considered next session. "Had this bill been allowed to receive an up and down vote before the full Assembly, we feel it would have passed," Thompson said. "Clearly it had broad bipartisan support, momentum, and in a recent survey, approximately 75% of Wisconsin voters voiced approval for legislation such as this." The legislation was introduced by Rep. Brett Davis (R-Oregon) and Sen. Bob Wirch (D-Pleasant Prairie).
Other Resources

RSS





print
News Now LiveWire
Credit card issuers could see a reduced burden for 1 year under a @CFPB proposal issued this week. News Now: http://t.co/CYVXLUmVBq
8 hours ago
RT @CUEscan: Branches Will Be the Cornerstone of Growth http://t.co/fVqPPaGeVL http://t.co/xxMyKGQMrl
9 hours ago
RT @asmarterchoice: According to @Bankrate study, customers more likely to find FREE checking at #Creditunion than a bank! http://t.co/ntCb…
9 hours ago
Ditch monthly subscriptions to save $$, @YoungFreeMI Fielder tells @freep http://t.co/TFnsps4Dui #ASW2015
9 hours ago
.@federalreserve extends comment period for capital surcharges on systemically important U.S. bank holding cos. http://t.co/MOJJBn9DfA
10 hours ago