Identify types of data and applicable governing bodies in the financial industry.

Identification should include

• financial data (e.g., account numbers, Social Security numbers, credit information)
• regulatory bodies
  • Federal Deposit Insurance Corporation (FDIC)
  • National Credit Union Administration (NCUA)
  • S. Securities and Exchange Commission (SEC)
  • standards (e.g., payment card industry [PCI]).

Process/Skill Questions:

Thinking

• What are some examples of financial data?
• What are the names of some organizations that maintain or monitor financial data?

Communication

• What organizations should be contacted if a consumer believes their financial data has been compromised?
• How soon after the suspected activity should this contact occur?

Leadership

• What is the role of the FDIC in protecting deposited funds?
• What organizations can a person contact if they have concerns about a financial institution?

Management

• What consequences may result if a financial institute fails to protect customer accounts?
• What is the role of various governing bodies in the financial industry?