Reg P Policy Template Update Details

What's New

Topic 18 - Fair Credit Reporting Act Reference. This topic briefly addresses circumstances when a financial institution may include opt-out or renewal opt-out notices required under the FCRA consolidated with its privacy notices required under GLBA.

Topic 19 - Audit Policy. This topic provides guidance with respect to a financial institution's requirement to conduct periodic independent audit reviews of its privacy compliance activities.

What's Revised

Topic 3 - Definitions. The following definitions were added:

Account

Board of Directors

Covered Account

Credit

Creditor

Financial Institution

Fraud Alerts

Identity Theft

Red Flag

Service Provider

Topic 15 - Identity Theft Program Policy. Formerly entitled "Identity Theft and Social Engineering", the following subtopics were added:

Policy Statement

Enforcement

Exceptions to Policy

Identity Theft Program Overview

Risk Assessment Process

Red Flag Categories and Detection

Identity Theft Prevention and Mitigation Techniques

Fraud and Active Duty Alert Procedures

Identity Theft Affidavit Packet Form Template (9 pages). Additional governmental agency or service contacts were added to page three. New tracking column areas were added to the "Document Checklist" section to include:

Credit Bureaus

Creditors

Account Statement Reviews

Internet Banking Access

Law Enforcement Authorities

Product Contents

Purpose and Contents - Topic 1

Policy Statement - Topic 2

Definitions- Topic 3

Responsibilities - Topic 4

Initial Privacy Notice - Topic 5

Annual Notice to Customers - Topic 6

Contents of Privacy Notice - Topic 7

Right to Opt-Out - Topic 8

Exceptions to Opt-Out Requirements - Topic 9

Limits on Redisclosure and Reuse of Information - Topic 10

The Sharing of Account Numbers for Marketing - Topic 11

Privacy Protection Principals - Topic 12

Information Use - Topic 13

Right to Financial Privacy Act Reference - Topic 14

Identity Theft Program Policy - Topic 15

Safeguarding Customer Information Policy - Topic 16

Incident Response and Preparedness - Topic 17

Fair Credit Reporting Act Reference - Topic 18

Audit Policy - Topic 19

Staff Training - Topic 20

Includes the following form templates:

Identity Theft Affidavit Packet (9 pages)

Privacy Acknowledgment - Employee (1 page)
Privacy Acknowledgment - Vendor (1 page)
Privacy Checklist - Branch/Department (3 pages)

Safeguarding Customer Information Risk Assessment Form (3 pages)

Ordering Information

This revised product is available to purchase from Bankpolicies.com for:

$375.00 - List Price

- or -

$50.00* - Update Price

*Applies only to clients who have purchased the Regulation P Policy Template within the last three years in addition to the following prior updates (if applicable):

Regulation P Policy Template Update - 01/30/07 - $25.00

Regulation P Policy Template Update - 09/06/05 - $25.00

If you have ordered this product after 10/06/07 you are eligible to receive the product update at no charge.

Click here to place an order for this product. Clients who are eligible for our Legacy Rewards Volume Discount can apply their applicable discount level to the list or update price (whichever applies).

NOTE: Refer to our Place an Order page for important information regarding payment terms and our return policy. Orders placed for Product Updates are only available directly through Bankpolicies.com.