Improvements Needed for CUs in Data Privacy Legislation

Read the Credit Union Times article here.

Here is a brief summary:

• America’s Credit Unions expressed general approval of the American Privacy Rights Act (APRA), but highlighted areas of concerns for the credit union industry.
• The APRA would establish national consumer data privacy rights and set standards for data security.
• Credit unions are concerned about the GLBA exemption, federal preemption, and private right of action.
• Nussle suggested three areas that could be addressed to better help credit unions.