"My favorite part of attending ICBA Institutes is connecting with peers from other institutions. I look forward to future events knowing familiar faces will be there, and while the training is always excellent, it’s the networking that keeps me coming back."
-McKenzie Humpal, VP Compliance Officer at First Citizens Bank in Iowa
"Through ICBA, I earned the CCBIA, CBAP, and CCBCO designations, each enhancing my role at different stages of my career. Each designation provided valuable resources and insights that improved my expertise in these areas."
-Michael Hoehn, Assistant Compliance Officer and CRA Officer at First Metro Bank in Muscle Shoals, Alabama.
"The Fraud Seminar was excellent and very informative. I got a lot of resources that will help in our FI. Great tools."
-Donna Franklin, AmeriState Bank, Atoka, Ohio
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The Right to Financial Privacy Act of 1978 provides customers of
financial institutions with a reasonable amount of privacy for their
financial records from the federal government. The Act includes rules
about the process federal government authorities must follow and
compliance requirements for banks responding to and keeping records of
the requests.
Banks are entrusted with customers’ personal data and must safeguard
this data from being released in error or without authority. This
course will discuss the documentation that the federal authorities
must provide to banks when requesting financial information and the
requirements of banks to respond.
This course is intended for bank personnel that handle the processing
of federal government requests for customer financial records —
typically operations and compliance personnel.
Learning Objectives:
Ensure you have the proper documentation from a government
authority in order to process a request for financial information of
a customer
Retain the appropriate records for all requests
Understand when you may be reimbursed for the banks involvement in
responding to a request
Course Outline:
Introduction
Requirements
Exceptions
Recordkeeping & Liability
Cost Reimbursement
Rev–Jun. 2021. Course length ≈ 20 minutes. This course is worth
0.5 CPE credits.
