CUNA and NAFCU both declined to participate in a new partnership between banks and retailers because the other groups would not stress that retailers must do their part to protect consumer data.

Thursday’s announcement of the as yet unnamed effort included some of the largest retail and banking associations, including the National Retail Federation, the Financial Services Roundtable, the American Bankers Association and the National Association of Convenience Stores. The groups said in the release they aimed to help retailers and financial institutions cooperate to protect data security.


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