OLYMPIA, Wash. — A committee of the Washington House of Representatives has moved a bill which would allow credit unions in the State to recoup losses caused from a card security breach at a retailer.
According to the Washington Credit Union League, the legislation passed the Insurance Financial Services and Consumer Protection Committee by a vote from 8-1, a margin that surprised some since retailers had lobbied to defeat it.
"In the fight against identity theft, this is a big score for Washington consumers," says Washington Credit Union League President/CEO John Annaloro. "This bill provides incentives to financial institutions to proactively protect personal consumer information, including credit and debit card numbers."
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