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NAFCU President and CEO Dan Berger's support for action to help Main Street is noted this week in a Bloomberg article, in which he argues that Dodd-Frank Act regulations shouldn't be applied to credit unions.

"We like to hear the broad messaging coming from both Clinton and Trump about Main Street versus Wall Street," he said. "We love that messaging all day long. Now, if they could just start giving a little more specifics – like with data security – we'd love that even more."

Also quoted in the article are the former Reagan administration's Larry Kudlow and Financial Services Roundtable Executive Director Eric Hoplin.

Berger's comments arise amid a week-long campaign this week by NAFCU and other financial trades called "Stop the Data Breaches," which promotes passage of the NAFCU-backed "Data Security Act" (H.R. 2205/S. 961). The campaign is timed with a National Retail Federation fly-in to Capitol Hill.

On Monday, Associations Now ran an article highlighting the campaign. According to NAFCU research, the average cost of a merchant data breach in 2014 was $226,000, the article noted.

"Credit unions and other financial institutions are continuing to pay the tab for retailer data breaches, and consumers' data remains vulnerable," NAFCU Vice President of Legislative Affairs Brad Thaler is quoted saying.

The statement from NAFCU was also picked up by HousingWire. This week's Bloomberg article was also picked up by Yahoo! Finance and Cable One.