CSPAN3 Key Capitol Hill Hearings May 16, 2015
Standards. In setting minimum standards, we need to be careful not to hamstring our states and federal regulatorss ability to adapt and strengthen protections for consumers. Otherwise, well limit regulatorss ability to keep up with Technology Change and reserve a private right of action for consumers and for Financial Institutions to ensure that affected entities and breach victims have further recourse. Further, consumers must be consistently provided with clear disclosures of the rights and remedies available to them so they are aware of the various ways in which they can protect themselves ...