“Chase: 76M households’ data stolen,” Bankrate.com

“They [regulators] don’t want to see, ‘It took me two or three months to notice and then I didn’t notify anybody. I tried to hide the problem until it got so big, I can no longer hide it.’ And that’s what your JPMorgans of this world are doing,” Valladares says. “That is not going to sit well with regulators.”

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