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Retailers, Banks Spar Over Data Security Before House

Law360, New York (May 14, 2015, 5:08 PM EDT) -- The House Financial Services Committee on Thursday heard testimony from representatives of the banking and retail industries who emphasized the importance of addressing consumer data security but also sought to deflect blame for breaches that have already occurred.

Former Gov. Tim Pawlenty, R-Minn., now the CEO of the Financial Services Roundtable, said the group “strongly supports” a strong, national data security standard across industries as outlined in the Data Protection Act of 2015 introduced in the house by Reps. Randy Neugebauer, R-Texas, and John Carney, D-Del....
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