CBC III: Privacy, Fair Credit Reporting Act, and Regulation V

Aug 06, 2018
The Landmark Conference Center
6222 Ellison Road
Fort Wayne
Program Overview: 

PDF Brochure

We are all aware of headlines and the continuing issues regarding the privacy of customer information.  While banks have generally not been the source of the breaches, we as an industry must deal with the fallout that is the result. This quarter’s CBC session will discuss our response to these breaches in three areas – our own privacy rules and requirements (Regulation P), our responsibility to assist the credit bureaus and their records under the Fair Credit Reporting Act, and our direct corporate responsibilities under the FCRA as set forth in
Regulation V.

We will cover each of the regulations in detail, with emphasis on our responsibilities as a result of these information breaches. Included will be any changes to Regulation P that are announced prior to the seminar. These changes have been promised for a while, but have yet to be issued. As we are aware of the content of the changes, we will include all relevant information. The subjects for the regulatory update will be determined by circumstances and releases from the various agencies.


Regulatory Update

Subjects as released by the CFPB and other federal agencies.

Regulation P: Privacy

  • Purpose and Scope
  • What is Protected?
  • Recipients of Privacy Notices
  • Model Privacy Forms and Examples
  • Opt-Out Requirements
  • Initial and Annual Privacy Notices
  • Revised Privacy Notices
  • Limits on Disclosures
  • Regulation P Changes and Update



  • Permissible Purposes of Consumer Reports
  • Employment
  • Credit / Insurance Transactions Not Consumer Initiated
  • Adverse Action
  • Identity Theft-Related Requirements
  • Fraud Alerts
  • Credit-Related Disclosures
  • Issues Arising During the Servicing of a Customer Relationship


Regulation V

  • General Provisions
  • Definitions
  • Affiliate Marketing and Opt-Out
  • Limits for Medical Information
  • Duties of Furnishers
  • Direct Disputes
  • Risk-Based Pricing
  • Identity Theft


Once again, the CFPB has promised a final version of Regulation CC in June 2018.  Should this occur (and the CFPB’s track record regarding Regulation CC has not been stellar), it will be a subject that we will cover well in advance of the required implementation date.




Bill Elliott, CRCM, Senior Consultant and Manager of  Compliance 

Bill Elliott has over 30 years of banking experience. As a  compliance consultant and manager of the compliance division with Young & Associates, Inc., Bill works on a variety of compliance-related issues, including leading compliance seminars, conducting compliance reviews for all areas of compliance, conducting in-house training, and writing compliance articles and training materials. 

During his career, Bill spent 15 years as a compliance officer and CRA officer in a large community bank, and also worked for a large regional bank.  He has been a lender for consumer, commercial, and mortgage loans, and has managed a variety of bank departments, including loan  review, consumer/commercial loan processing, mortgage loan processing, loan administration, credit administration, collections, and commercial loan workout.


8:30 a.m.          Registration & Continental Breakfast
9:00 a.m.          Program Begins
12:00 p.m.         Lunch (included)
1:00 p.m.          Program Resumes
4:00 p.m.          Program Adjourns


The Landmark Conference Center
6222 Ellison Road
Fort Wayne, IN 46804


$350 IBA Member
$180 Each Additional IBA Member
$650 Non-Member

Additional Information: 

The CFPB has continued to avoid issuing any new or updated regulations, despite their public statements that they intend to do so. So covering these subjects now not only gives banks time to prepare, but allows adequate presentation time for the other new regulations – should the CFPB see fit to publish them.  

The subjects for the regulatory update will be determined by circumstances and releases from the various agencies.  Unless there are major changes in the next few weeks, the majority of update will focus on real issues that impact banks every day – clarifications and aids to help in the day to day operations of the bank.


Compliance officers should attend this session.  In addition, all personnel with responsibilities for real estate lending at all levels, including senior management, auditors, lenders and others should also consider joining us for this session.



Association Contact: 

Marcy Borden, Education Coordinator

Cancellation Policy: 

You will receive an e-mail confirmation at registration.. If you have questions, contact Marcy Borden at 317-387-9380 or via e-mail at mborden@indianabankers.org.

Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. Within two days prior, 50% of the fee is assessed. Refunds are not provided for cancellations the day before or absences on the day of the program. Substitutions are welcome at anytime.

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