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News Now

CU System
Texas league representative testifies on data security bill
FARMERS BRANCH and AUSTIN, Texas (4/23/08)--A credit union testified Tuesday on behalf of the Texas Credit Union League about data security breaches and their impact on credit unions before a Texas House committee conducting an interim hearing on identity theft. Gary Davis, president of Chocolate Bayou Community FCU, a $68 million asset credit union based in Alvin, testified before the Texas House Committee on Business and Industry. Noting that the use of plastic cards has become so integral that many people cannot conduct their normal activities without a credit or debit card, Davis called for protection of the sensitive financial data. “It is important that the State of Texas make sure that protections are in place for payment card data,” he told the committee. “Neither the consumer nor card issuers are able to require that businesses who retain consumers' sensitive personal financial information protect the data from thieves," he added. While the hearing was not on behalf of a specific bill, Committee Chairman Gary Elkins (R-Houston) noted he was interested in following up on his efforts last session to finding a solution to the issue of data security. “The question is what standard do we use and how do we enforce it?” said Elkins. The interim hearing is the first step toward the development of legislation for the Texas Legislative session in 2009. Data security remains one of several top interests for the league, Winter Prosapio, advocacy communications director for the league, told News Now.


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