Bankers have been slow to react to their customers' growing privacy concerns, a report says, and they could be risking regulatory intervention.

"If U.S. banks fail to heed their customers' genuine privacy concerns, a call for detailed privacy regulation of bank marketing and on-line commerce operations by state or federal authorities is likely," said the report in the March/April edition of the newsletter Privacy & American Business.

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.