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Right to Financial Privacy Act
shop Non-Member Price: $120.00
Many financial institutions are frequently requested either formally or
informally to provide copies of their records or records of their customers to
various governmental agencies or private individuals. Regulators are expecting
financial institutions to have formal procedures for those occasions. Failure to
properly respond can expose both the financial institution and its employees to
civil liability and criminal fines.
The increase in litigation over breaches
in the sharing of customer information continues to escalate. Institutions have
an ongoing uphill battle to minimize that area of risk. To keep you insulated
from civil liability, criminal penalty, and administrative sanctions you need to
be aware of the technical requirements of the rules.
This session will
help you (and your staff) become familiar with the rules and the expectations of
this Act. According to examiners, the proper handling of these requests is an
ever increasing concern given today’s financial environment. Attend this session
and learn how to verify that your institution is in compliance with the rules.
Target Audience:
Compliance officers, compliance
and audit staff, risk management
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