Rep. Luetkemeyer says new Treasury fintech report should boost data-breach legislation

A new report released Tuesday by the Treasury Department highlights the need for a national consumer data-breach notification standard, according to House Financial Services financial institutions and consumer credit subcommittee Chairman Blaine Luetkemeyer (R-MO), who has been trying to advance such legislation since last year.

“It is in the best interest of consumers to have a nationwide data breach standard, and [Treasury] Secretary [Steven] Mnuchin echoed this sentiment in yesterday’s report.,” Luetkemeyer said in a statement today. “As we increasingly...