ONTARIO, Calif. (4/30/14)--The San Francisco Chronicle's editorial page lauded the position taken against so-called patent "trolls" by the California and Nevada Credit Union Leagues--a timely note given the Senate Judiciary Committee is scheduled to vote Thursday on its Patent Transparency and Improvements Act (S. 1720).
The Chronicle's April 25 editorial cited President/CEO Diana Dyskstra regarding the effect patent "trolls," who manipulate the patent system for their own gain, have had on credit unions.
"Eight of our members were hit by a troll about an element of software in their home-banking systems that the troll said was based on a 1984 patent," Dysktra noted in the editorial. "We've had credit unions that were sent letters demanding thousands of dollars for having ATMs."
Jeremy Empol, the leagues' vice president of federal government affairs, said, "As the bill is set for a mark-up in the days ahead, credit unions are well-positioned. The support from the San Francisco Chronicle is extremely helpful, especially as this legislation has large impacts on the technology sector, in addition to banking" (In the News April 28).
The paper urged the Senate to pass the bill as soon as possible.