Skip to content

State Agency Investigation - RFPA Applicable?

Answered by: 

The bank has recently received a subpoena for one of our customers. The investigation is being conducted by state agencies. Does the federal version of the Right to Financial Privacy still apply? Do we still need a letter of compliance and does the bank need to wait for the customer to contest?

Possibly, but it will be dictated by state law. The RFPA only applies to the federal government, with exceptions (the IRS has its own rules).

First published on 5/18/09

First published on 05/18/2009

Filed under: 
Filed under compliance as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics