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Government Accountability Office Government Accountability Office (Source: Shutterstock)

Although the five federal financial regulators have processes that meet most recommended key practices to protect vast amounts of consumers’ personally identifiable information (PII), four of the regulators, including the NCUA, did not fully follow key practices in certain areas, a new report released by the U.S. Government Accountability Office concluded.

The GAO, a non-partisan arm of the federal government that provides auditing, evaluation and investigative services for Congress, examined how the NCUA, FDIC, OCC, Federal Reserve and CFPB manage consumers’ PII.

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Peter Strozniak


Credit Union Times

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