Online Individual Course

Regulation P: Consumer Privacy – In Depth

Online Training
The Gramm-Leach Bliley Act (GLBA), is implemented by Regulation P: Privacy of Consumer Financial Information. The GLBA limits when and how a 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 details of Regulation P. This course is intended for compliance and operations personnel.

Learning Objectives:

  • Understand the various definitions under Regulation P in order to comply with the regulation
  • Know which notices the bank must provide as well as when to provide an opt-out option
  • Understand the exceptions to opting-out

Course Outline:

  • Introduction
  • Definitions
  • Privacy Notices
  • Initial Privacy Notice
  • Annual Privacy Notice
  • Revised Privacy Notice
  • Contents of Privacy Notices
  • Opt-Out Notices
  • Limits On Disclosure to Nonaffiliated Third Parties
  • Limits on Disclosure and Reuse of Information
  • Limits on Sharing Account Number Information for Marketing Purposes
  • Exceptions to Opt-Out Requirements for Service Providers and Joint Marketing
  • Exceptions to Opt-Out Requirements for Processing and Servicing Transactions
  • Other Exceptions to Opt-Out Requirements

Rev–Oct. 2020. Course length ≈ 53 minutes.  

This course is worth 1 CPE credit. 
ICBA Member - $179.00
Non-Member - $299.00