TCPA and COPPA Reviews

stack of files with magnifying glass on top showing data review

We evaluate your TCPA and COPPA practices to help you avoid fines, penalties, and damage to your brand.

You always work to strengthen your relationships with customers and build and maintain trust with them.

One way is by respecting their privacy and boundaries—not pestering them with unwelcome marketing messages by phone and text or revealing personal information about their kids, for example.

That's where we come in. Our team specializes in reviewing your TCPA and COPPA policies and practices to ensure you comply with both regulations and that you won't be subject to fines and penalties.

In our TCPA reviews, we examine how you manage customer data. For example, have customers consented to receive marketing content from you? If so, what format is acceptable? Are you keeping accurate records of their preferences and honoring their wishes?

In addition, are you giving them appropriate opt-out options? When they do opt out, do you comply with their decision?

We also compare your customer database and prospects against the Do-Not-Call Registry to help you ensure that your practices align with customers' wishes.

For COPPA, our team delves into your policies and procedures to see that you're doing everything to protect customers under the age of thirteen.

That includes reviewing how you notify parents about the information you want to gather about their kids, how you use it, and with whom you share it. Of course, we also check whether you have parental consent before you’re even collecting such data.

In addition, we look at your privacy policy to see that it's clear and visible on your website and apps and explicitly outlines your practices.

Equally important is assessing your staff members' command of and adherence to TCPA and COPPA regulations.

Select TCA's A Better Way to assess your TCPA and COPPA regulations compliance.

Key deliverables include:

  • Helping you avoid costly fines and penalties
  • Seeing if you're providing proper parental notifications and review options regarding their children's private information
  • Evaluating your marketing and sales teams' understanding of TCPA rules
  • Determining whether you maintain accurate records of customer communications and wishes, including robocalls, voicemails, and texts
  • Weighing how well you respect customers' privacy and contact preferences

Additional Compliance Topics

regulations book

HMDA – Field Reporting Exemption under EGRRCPA – When does a Bank Lose this Exemption?

By | April 26, 2021

Under the Economic Growth, Regulatory Relief and Consumer Protection Act (EGRRPA), many banks were exempt from reporting all fields on the HMDA LAR as they had originated fewer than 500 closed-end HMDA Reportable loans or fewer than 500 open-end HMDA Reportable loans during the prior calendar year. With the dramatic upturn in production during the […]

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The Great Debate — Is This a Finance Charge?

By | April 13, 2021

If only there was a simple answer! Unfortunately, this seemingly simple question can be endlessly debated due to the complexity of Regulation Z. §1026.4(a) states that a finance charge is the cost of consumer credit as a dollar amount. It includes any charge payable directly or indirectly by the consumer and imposed directly or indirectly […]

Fair Lending

Meet your Community’s Credit Needs for Fair Lending – Utilizing Regulation B’s Special Purpose Credit Program

By | April 7, 2021

“What are you doing to ensure diversity, equity and inclusion (DEI)?”  That question routinely comes up during conference calls among us, clients, and regulatory agencies. Businesses, educational institutions, and non-profit organizations all are focusing on DEI.  Financial institutions are no exception. In fact, regulatory agencies emphasize the importance of DEI in written communications about the Fair […]

community reinvestment act

CRA Public File Reminder

By | March 25, 2021

April 1st is known as April Fools’ day and a time to play tricks and pranks. But did you know on April 1, 1748, the Ruins of Pompeii were rediscovered by Spaniard Rocque Joaquin de Alcubierre? Guess it is time to rediscover the CRA Public File and make sure nothing ancient is inside! By now […]

mortgage loan application

The Fannie Mae and Freddie Mac Application: New and Improved?

By | February 26, 2021

The mortgage application, the 1003 or URLA – these are all synonyms for the standard residential mortgage application which has been changed. Navigating through these changes can be stressful; but we are here to help. Fannie/Freddie announced the release of the redesigned Uniform Residential Loan Application (URLA) on August 23, 2016. The changes would include […]

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No Longer A HMDA Reporter – Fair Lending Still Applies

By | January 26, 2021

On April 16, 2020, The Consumer Financial Protection Bureau issued a final rule raising the loan-volume coverage thresholds in Regulation C for financial institutions reporting data under the Home Mortgage Reporting Act (HMDA). A permanent threshold for collecting closed end mortgage reporting data went from 25 to 100 loans effective July 1, 2020. Also, open-end […]

Do You Need Compliance Help?

We’re here to review your current compliance strategy and help you find A Better Way to manage risk.

Phone

800-934-REGS

Email for Non-Confidential Information Only

[email protected]

Office Location

2021 Midwest Road, Suite 200,
Oak Brook, IL 60523

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