Nine organizations, including NAFCU and CUNA, call for new legislation from Congress.
By Roy Urrico |
Updated on June 18, 2015
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Financial services organizations are continuing to urge Congress to pass legislation that combats patent abuse. They’re claiming demand letters from so-called “patent trolls” signify a great and growing threat to financial service organizations.
NAFCU, CUNA, the Independent Community Bankers of America, the American Bankers Association, the American Insurance Association, The Clearing House, Financial Services Roundtable, NACHA and The National Association of Mutual Insurance Companies have asked Congress to adopt needed legislation to stop abusive practices from law firms representing patent assertion entities.
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Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
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