Financial Regulations

Discussion Submission

During your reading, you learned about GLBA and FACTA and the Red Flag Rule to help protect consumer financial information. For your discussion this week, please conduct additional research and consider the following questions:

1. What was evolutionary about laws such as GLBA and FACTA?
2. What do organizations need to consider to be compliant with GLBA and FACTA?
3. What is the impact of crimes such as identity theft?
4. How do different jurisdictions (federal, state, or international) deal with financial crimes such as identity theft? Site at least one example.

Regarding your response to your classmates:
Please highlight a new facet to build on what your classmate stated, add to the conversation, or find an alternative viewpoint and support your response with citations. It’s important to have more than “I agree” or “good point,” when responding!

NOTE: You must make an initial post before you are able to view the posts of your peers. Please make the initial post by Day 3 at 11:59 pm CST and respond to a minimum of three classmates’ initial posts prior to the end of the week on Day 7 at 11:59 pm CST. To view the discussion board rubric, click the icon with three dots that appear in the upper right corner of this assignment box and select “Show Rubric.”

A reminder about conference discussion at the Master’s level:
Try to complete your initial post early during the conference week (no later than Day 3 of the week) and plan to continue dialogue with your classmates throughout the remainder of the week. Think of our online conversations as discussion in a traditional classroom. Remember, the intent of our conference discussion is to take the conversation to the Master’s level.

In addition, posting early has its benefits. You have the opportunity to state your original thoughts without worrying that you are saying the same things that a classmate has already stated.

Finally, please use academic citations from the library to support your statements. Don’t simply rely on Google!