Regulatory Reform Heralds Changes that loom over bankers’ heads. William Henley, a former Office of Thrift Supervision executive, now at BITS, says regulatory agencies are expanding their resources and attention to this area. Henley says not to be surprised to see guidance on cloud computing. The debit card interchange issue could have a pretty big impact on banks, especially community institutions. The issue is the loss of revenue from debit card activity because of the Federal Reserve’s expanded oversight over the setting of interchange fees.”]
Source: https://www.cuinfosecurity.com/blogs/regulatory-reform-heralds-changes-p-743