WASHINGTON — Sony Corp.'s disclosure that a massive data breach may have let thieves steal the personal information of more than 77 million PlayStation users is playing into the hands of banks attempting to change a Federal Reserve Board proposal to limit debit interchange fees.
While the two issues do not at first appear related, banks have said that once it goes into effect on July 21, the Durbin amendment could weaken data security standards.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access