http://www.informationshield.com/coppaoverview.htm
COPPA and the FTC's rule require those institutions to:
Provide parents notice of their information practices;
Obtain prior verifiable parental consent for the collection, use, and/or disclosure of personal information from children (with certain limited exceptions for the collection of "online contact information," e.g., an e-mail address);
Provide a parent, upon request, with the means to review the personal information collected from his/her child;
Provide a parent with the opportunity to prevent the further use of personal information that has already been collected, or the future collection of personal information from that child;
Limit collection of personal information for a child's online participation in a game, prize offer, or other activity to information that is reasonably necessary for the activity; and
Establish and maintain reasonable procedures to protect the confidentiality, security, and integrity of the personal information collected.
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