As financial companies get bigger, they must do more to protect customer privacy or face a government crackdown, acting Comptroller of the Currency Julie L. Williams warned Friday.

"If self-regulatory initiatives are viewed as weak and toothless," she said, "the stage will be set for a more active government role."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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