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Jes Staley thinks payments will be the battleground area of the next 15 years when considering the tectonic shifts driven by tech and geopolitical environment.
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On Thursday, U.S. Senate Banking Committee Chairman Mike Crapo questioned whether regulators should be given more power to supervise credit-reporting companies after a massive data breach at Equifax Inc. exposed gaps in oversight. In a letter, he asked the heads of the Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency if they have or need the authority to help ensure credit bureaus are adequately protecting consumers’ information.
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