The Senate passed Thursday night a reform bill thatwould make it harder for holders of “business method” patents thatcover processes such as electronic filing of documents to suefinancial institutions such as credit unions.
The measure, which the House approved in June, passed 89-9. Itnow goes to President Obama for his signature.
CUNA, NAFCU and CUNA Mutual and all the major banking tradeassociations backed the bill and lobbied for its passage.
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