On Deadline.(management of credit unions)

NJ CUs Team With Banks On Data Breach Bill

HIGHTSTOWN, N.J.-The New Jersey CU League said last week it partnered with the state's Community Bankers Association to get a data breach bill introduced in the statehouse. Assembly Financial Institutions & Insurance Committee Chair Neil Cohen has agreed to sponsor the measure that proposes limits use and retention of personal customer information, holds the breaching party financially responsible for any resulting losses including card replacements and fraud, and allows issuers to disclose to their card-holders, the entity res