Sometimes our Federal government moves as fast as a napping snail on certain items. Other times it happens to run at a proper pace. In the instance of consumer data security, it should be running more like the Road Runner on Red Bull. In other words, establishing a technology standard to ensure our data (especially financial) is protected by both FIs and retailers can't happen soon enough -- which brings us to the Data Security Act of 2015.
To get the current status of this legislation, we invited NAFCU Senior Vice President of Government Affairs and General Counsel Carrie Hunt on the show. Carrie fills us in on the significance of the Data Security Act, why it's so overdue, and when will it become a reality for all of us. In addition, she answers how credit unions and the industry can keep pace with the changing technology to quell fraud, along with how flexible laws can reflect those future changes. Check it out and let us know what you're doing to keep fraudsters at bay.
Mike Lawson, Host
Married to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.