Newsroom

Back to the Newsroom
April 16, 2015

Push continues at NAFCU to rein in patent trolls

NAFCU reiterated its support for legislation to rein in deceptive patent-assertion entities to credit unions and other businesses in a letter ahead of today's House Energy and Commerce subcommittee hearing on the draft "Targeting Rogue and Opaque Letters (TROL) Act."

The hearing, set for 11 a.m., Eastern, is being held by the Subcommittee on Commerce, Manufacturing, and Trade on the draft legislation addressing patent demand letters.

This is the second time this week NAFCU Vice President of Legislative Affairs Brad Thaler has written lawmakers to urge action to rein in deceptive acts of patent assertion entities "in the most comprehensive way possible." Thaler also wrote the House Judiciary Committee for its hearing Tuesday on H.R. 9, the "Innovation Act" proposed by panel Chairman Bob Goodlatte, R-Va.

NAFCU, with other financial trade organizations, has presented lawmakers with principles for patent reform to address the issue of demand letters and deceptive patent troll behavior. They include:

  • easing the cost and burdens of patent litigation and making the system more efficient;
  • requiring demand letters to provide more details about the patent and who claims to assert it; and
  • improving the post-grant review of patents, for example, by making permanent the "covered business method" review and making it more usable for smaller entities.

Related Resources

Add to Calendar 2024-05-03 14:00:00 2024-05-03 14:00:00 Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing About the Webinar In January 2024, Pentegra conducted a survey of retirement plan sponsors and their perspectives on retirement plan management and fiduciary outsourcing. The survey measured how sponsors are using fiduciary outsourcing to help better manage their retirement plans. It also captured their perspectives on what outsourcing does to help them better position their plans and drive improved retirement plan outcomes. Key Takeaways: What is the full scope of your responsibilities as a plan sponsor? What is fiduciary outsourcing and how does it work? How does fiduciary outsourcing help reduce workloads and minimize risk? How can a credit union best position its plan to drive improved outcomes? Register Here Web NAFCU digital@nafcu.org America/New_York public

Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing

preferred partner
Pentegra
Webinar

Ensuring Safety and Soundness with AI

Management, Consumer Lending, FinTech

preferred partner
Upstart
Blog Post

Turning Lemons into Lemonade: Capitalizing in a Post-Banking Crisis Era

Strategy

preferred partner
Allied Solutions
Blog Post
Add to Calendar 2024-05-02 14:00:00 2024-05-02 14:00:00 Mastering Resilience in Incident Response Plans About the Webinar An Incident Response (IR) plan is crucial for guiding credit unions through major incidents efficiently and effectively. However, many IR plans lack resilience, making them less adaptable to the evolving threat landscape.  Join us for our webinar Mastering Resilience in Incident Response Plans where DefenseStorm cyber experts Elizabeth Houser and James Bruhl will delve into the importance of resiliency within cybersecurity IR plans.  Don’t miss out on the opportunity to learn how to:  Ensure IR plan accessibility so that all team members with assigned roles are prepared for effective incident response.  Conduct efficient and regular reviews to ensure roles and responsibilities are current, tools are relevant, and compliance requirements are met.  Implement and utilize tabletops to regularly test the effectiveness of your IR plan.  Enhance preparedness, efficiency, and confidence among responders.  View On-Demand Web NAFCU digital@nafcu.org America/New_York public

Mastering Resilience in Incident Response Plans

preferred partner
DefenseStorm
Webinar