Banking industry groups clashed with consumer advocates and law enforcement officials Thursday over whether new laws are necessary to protect consumer privacy and security in the blooming world of electronic commerce.

At the second public meeting of the Consumer Electronic Payments Task Force, witnesses staked out familiar ground. Comments and questions from task force members indicated they are leaning toward light regulation of stored-value cards and other new payment technologies.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.