Card Issuers Take Swipe at Rules
Mitchell Pacelle and Christopher Conkey report for the Wall St. Journal on moves by the banking industry to deal with moves in Congress to deal with data breaches or identity theft.
The unremitting wave of security breaches has generated an enormous push for action on Capitol Hill. Congress seems likely to pass some sort of notification requirement later this year -- a point conceded by nearly everyone in the debate. The question is whether industry lobbyists or consumer groups will prevail on the fine print.
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