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InfoSight Highlight: Children’s Online Privacy Protection Act
Friday, April 21, 2017 7:00 AM

The Children's Online Privacy Protection Act (COPPA) was enacted to prevent unfair or deceptive acts or practices in the collection, use, and/or disclosure of personal information from and about children under 13 years of age on the Internet. Operators of websites or online services (operators) who have actual knowledge that they are dealing with a minor must comply with COPPA.

COPPA required the Federal Trade Commission (FTC) to issue rules concerning the collection of personal information from children under the age of 13. Under COPPA, NCUA has authority to enforce compliance with the act by Federal credit unions. The FTC enforces compliance with COPPA by state-chartered credit unions.

How does COPPA affect the credit union?
Before the credit union collects or maintains personal information obtained from the Internet from a child, the credit union must adopt policies or procedures detailing how such information will be collected, used, and disclosed and what methods will be used to ensure confidentiality.

If a credit union is currently collecting information on the Internet from children, the credit union should immediately review what it's collecting, how it's used, what disclosures are being made, and whether its practices comply with COPPA.

COPPA is of particular concern for credit unions that have portions of their website that have content designed to appeal to children. If any information is collected about children over the website, credit unions should examine whether they are subject to COPPA requirements.

Source:  InfoSight Compliance.

Need more info on a regular basis? Check out InfoSight, your first stop when searching for compliance answers. InfoSight operates as an online compliance manual at your fingertips, containing federal and state-specific content that is accurate, concise, and detailed on a wide range of topics and issues. Subscribers are able to access easy-to-read compliance summaries, checklists for compliance, direct links to laws and regulations, frequently asked questions, and links to additional important resources, including CUNA's online compliance resource "E-Guide." As part of InfoSight, the League sends out a weekly eNewsletter highlighting regulatory changes, hot topics in compliance, and comment calls.

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