Quiz for The Evolving World of Privacy Law

1. The Right to Financial Privacy rule relates to requests for financial information by the Federal Government.

2. COPPA is meant to protect children under the age of ________ from having their information collected, including internet cookies or location information.

3. Under the RFPA, the bank can get reimbursed for search and processing costs, reproduction costs and transportation costs pursuant to Regulation S (except for records to perfect a security interest, claim of bankruptcy, collecting debt, a governmental authority shall pay a fee for reimbursement for such costs as are reasonably necessary and which has been directly incurred)

4. The GDPR is _______________ than US regulatory privacy rules and relates to any personal data and sensitive data that can identify a person.

5. The CAN-SPAM Act does not apply just to bulk email.

6. The Telephone Consumer Protection Act governs the rules related to phone calls for purposes of advertising.  Does it also apply to text messages for the purpose of advertising?

7. The CCPA only applies to California residents. It does however include California residents even if they are not in the state at the time.

8. The bank is prohibited from sharing NPPI with a non-affiliated third party without first providing an opt-out notice first and waiting thirty days for the customer to opt-out.

9. ____________________________, also known as “NPPI” is any personally identifiable financial information that isn’t readily available to the public.

10. Banks must consider state privacy laws which may apply to financial institutions and consumers.