Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
League-supported card security bills stall in Wisconsin
MADISON, Wis. (3/13/08)--Two plastic card data security bills backed by credit unions and the Wisconsin Credit Union League did not make it out of the State Assembly Tuesday. The bills--AB 745 and SB 439--would have prohibited merchants from retaining consumers' secret personal identification numbers or security codes after processing a credit or debit card transaction. The bills were killed Tuesday evening by a procedural motion during the Assembly's floor session, said the league. AB 745 was tabled, preventing the full body from taking an up or down vote on the measurer. Both bills had easily passed through both chambers' financial institutions committees and passed the full State Senate without objection. The popular measures had 44 legislators listed as sponsors, but lobbyists and individuals representing merchants, retailers and other special interests had launched a massive campaign against the measurers, the league had said earlier this week (News Now March 10). "We're disappointed that Wisconsin consumers won't be able to enjoy the protections this bill would have afforded them," said league President Brett Thompson. "But we're committed to standing up for consumers and working hard to see this legislation considered next session. "Had this bill been allowed to receive an up and down vote before the full Assembly, we feel it would have passed," Thompson said. "Clearly it had broad bipartisan support, momentum, and in a recent survey, approximately 75% of Wisconsin voters voiced approval for legislation such as this." The legislation was introduced by Rep. Brett Davis (R-Oregon) and Sen. Bob Wirch (D-Pleasant Prairie).
Other Resources

RSS print
News Now LiveWire
HFSC Chairman @RepHensarling announces subcommittee chairs for #114th Congress: http://t.co/FGnvnogI7n
49 minutes ago
Don't Mullet Over: Check out @ECCU1's meme-rable campaign that brought in $8M in loans #NewsNow http://t.co/vNh2q01gcg
3 hours ago
#FOMC minutes show committee members debated erasing 'considerable time' from forward guidance #NewsNow #Market http://t.co/Gw0bEIFCe2
4 hours ago
NCUA votes 2 to 1 to approve 2015 budget: McWatters is dissenting vote.
6 hours ago
.@TheNCUA bd mmber McWatters at #NCUAbdmeeting invited specific, detailed comments on budget/budgetary process to be sent directly to him.
6 hours ago