The Gramm-Leach Bliley Act (GLBA), is implemented by Regulation P: Privacy of Consumer Financial Information. The GLBA limits when and how an bank may disclose nonpublic personal information about a consumer to nonaffiliated third parties. For information shared, the consumer must be allowed to opt-out of the sharing. This course will provide an overview of Regulation P. This course is intended for new account personnel, including deposits and loans.

Learning Objectives:

• Understand why the notices must be provided
• Know which notices the bank must give
• Know why the bank shares information
  

Course Outline:

• Introduction
• Definitions
• Privacy Notices
• Initial Privacy Notice
• Annual Privacy Notice
• Revised Privacy Notice
• Opt-Out Notice
• Limits on Disclosure to & Use of Nonaffiliated Third Parties
• Exceptions to Opt-Out Requirements

Rev–Oct. 2020. Course length ≈ 27 minutes.  

This course is worth 0.5 CPE credits.