Latest Operations - Privacy Topics

Privacy notice rules finally updated.

12/16/2018

Has the Bureau finalized its proposed amendments to Regulation P?

Subpoena restrictions

02/11/2018

If a customer has multiple entities but only one is listed on the subpoena, are we restricted to giving information only about the listed entity?

IRS info requests

02/04/2018

Do IRS Levies fall under the jurisdiction of the Right to Financial Privacy Act?

Refer A Friend Program Incentive-IRS Tax Forms

10/08/2017

We want to begin a refer a friend program where a customer would receive a $25 gift certificate to a local business if they refer a friend who opens a new account at our bank. Is this reportable on a 1099-INT or a 1099-MISC? I'm looking for guidance on the IRS website and am having a difficult time locating it.

FAST Act to GLBA-Required to Send Privacy Notice?

02/05/2017

If the Bank qualifies under the “Fixing America's Surface Transportation Act” (FAST Act) to GLBA, is the bank still required to continuously post its privacy notice on its website and mail a current privacy notice to customers who request it by telephone within ten days of request?

IRS info requests

10/09/2016

Do IRS Levies fall under the jurisdiction of the Right to Financial Privacy Act?

Liability Protection: Non-Owner Obtaining Info

09/18/2016

What is required or what is the best liability protection when allowing a non-owner to obtain account information?

Challenge question options

04/24/2016

Can you suggest any great alternatives for challenge questions that are not easily accessible to criminals and outsiders?

Annual privacy disclosure exemption

03/13/2016

What makes a bank exempt from sending out annual privacy disclosures?

Risk If Privacy Notice Is Not Sent to Client

01/24/2016

Who owns the risk if an annual Privacy Notice was not sent to a client, the lender or the servicer?