General Operations Regulations: Right to Financial Privacy Act (RegTraC Level 1)
This course is part of General Operations Regulations Module 2 of the RegTraC Level 1 compliance certification program. Take it on its own to learn more about the Right to Financial Privacy Act or complete all of the Consumer Lending Regulations courses (R102A-E,G-H). Receive national recognition by completing RegTraC Level 1 Modules 1-5 and earning your Compliance Achievement Award Certificate. Learn more about RegTraC.
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In this course you will learn:
The purpose of the Right to Financial Privacy Act (RTFPA)
The five official requests that allow a credit union to disclose members' financial records to a federal agency
The record retention requirements of the RTFPA
Some common exceptions to RTFPA requirements
Penalties for violating RTFPA requirements
This course is a recommended course in the following learning plans:
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