Podcast
Questions and Answers
What is the purpose of the Children’s Online Privacy Protection Act (COPPA)?
What is the purpose of the Children’s Online Privacy Protection Act (COPPA)?
- To provide guidelines for parents on children's online activities
- To regulate the use of personal information from children under 18 online
- To promote online services directed to children
- To prohibit unfair and deceptive acts in collecting personal information from children under 13 online (correct)
Who is required to provide certain notices and obtain parental consent under COPPA?
Who is required to provide certain notices and obtain parental consent under COPPA?
- Operators of general audience websites
- Operators of websites directed to children or collecting personal information from children online (correct)
- Parents of children under 13 years old
- Operators of social media platforms
Which agency is granted enforcement authority under COPPA?
Which agency is granted enforcement authority under COPPA?
- Federal Deposit Insurance Corporation (FDIC)
- Consumer Financial Protection Bureau (CFPB)
- Department of Justice (DOJ)
- Federal Trade Commission (FTC) (correct)
When did Federal Trade Commission regulations implementing COPPA become effective?
When did Federal Trade Commission regulations implementing COPPA become effective?
Under what circumstances should examiners consider conducting a compliance review using COPPA procedures?
Under what circumstances should examiners consider conducting a compliance review using COPPA procedures?
What is the main focus of examination objectives related to COPPA?
What is the main focus of examination objectives related to COPPA?
What does COPPA regulate in connection with personal information?
What does COPPA regulate in connection with personal information?
What should operators of websites directed to children do according to COPPA?
What should operators of websites directed to children do according to COPPA?
What type of websites are subject to compliance review using COPPA procedures?
What type of websites are subject to compliance review using COPPA procedures?
What does the FDIC have authority over regarding COPPA enforcement?
What does the FDIC have authority over regarding COPPA enforcement?
What should be done if the institution participates in an FTC-approved, self-regulatory program?
What should be done if the institution participates in an FTC-approved, self-regulatory program?
What is the first step to determine if an institution is subject to COPPA?
What is the first step to determine if an institution is subject to COPPA?
What should be done if the financial institution does not operate a website directed to children and does not knowingly collect personal information from a child online?
What should be done if the financial institution does not operate a website directed to children and does not knowingly collect personal information from a child online?
What should be considered when assessing the quality of compliance risk management as it pertains to COPPA?
What should be considered when assessing the quality of compliance risk management as it pertains to COPPA?
What is the purpose of identifying weaknesses in compliance management policies, procedures, or controls?
What is the purpose of identifying weaknesses in compliance management policies, procedures, or controls?
What should be done after discussing findings with management regarding compliance with COPPA?
What should be done after discussing findings with management regarding compliance with COPPA?
What is the role of the Board of Directors in compliance risk management as it pertains to COPPA?
What is the role of the Board of Directors in compliance risk management as it pertains to COPPA?
Why is knowledge level of management and staff considered when assessing compliance risk management?
Why is knowledge level of management and staff considered when assessing compliance risk management?
What determines whether further examination is necessary if an institution participates in an FTC-approved, self-regulatory program?
What determines whether further examination is necessary if an institution participates in an FTC-approved, self-regulatory program?
What action should be taken if weaknesses in compliance management policies or controls are identified?
What action should be taken if weaknesses in compliance management policies or controls are identified?
What should be considered when assessing the quality of an institution’s training program as it pertains to COPPA?
What should be considered when assessing the quality of an institution’s training program as it pertains to COPPA?
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