Media critique of data-breach bill highlights hurdles that await in Congress

The Financial Services Roundtable is pushing back hard against "misleading" media reports this week that implied -- incorrectly, FSR stresses -- that a House data security and breach notification bill would leave banks with no obligation to reveal hacks to consumers.

But the critique that played out in a couple of media outlets -- and the pushback by the financial services sector -- hint at the political difficulties faced by House Financial Services financial institutions and consumer credit subcommittee Chairman...