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Now that a Minnesota judge has given class action status to a lawsuit by five financial institutions against Target over its 2013 data breach, many in the credit union industry are eagerly looking forward to the proceedings and new regulations they could advance.

Clark Yelverton, who is president/CEO of the $288 million, Lake Charles, La.-based CSE Federal Credit Union, was especially pleased with the decision. His credit union is one of five financial institutions – and the only credit union – that asked for an injunction in April after Target offered $19 million to settle breach claims with MasterCard issuers.

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Tina Orem


Credit Union Times

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