No. Not even close to the teachings of the Catholic Church. Though it's a bit off topic, I'm not willing to let it slide. Where to begin?
The Catholic Church teaches that we are saved through the intercession and perfect sacrifice of Jesus Christ. Neither faith nor deeds alone can gain us heaven -- and even both deeds and faith wouldn't be enough without Christ. The 7 Sacraments are outward signs of God's Grace, instituted by Christ. There are 3 Sacraments of Initiation: Baptism, which removes original sin and brings into a state where we can receive Grace; Confirmation, which seals and strengthens the grace of Baptism; and, Holy Eucharist (or Communion) where we come into full communion with Christ by receiving him Body, Blood, Soul, and Divinity in the form of the sanctified and blessed bread and wine. There are 2 Sacraments of Healing: Penance or Reconciliation, where we confess our sins and Christ absolves us of them (more in a moment); and the Annointing of the Sick, where we seek God's blessing and aid in times of extreme illness and prepare for death. Finally, there are 2 vocational sacraments; Holy Orders and Matrimony. These mark a state of life -- either the religious life or married life.
As to
Penance... We confess our sins to the priest as mediator and intercessor -- but the absolution is from Christ, not the priest. The priest may offer some guidance to help avoid the repetition of the same sins, and likely assigns a penance -- an act to help restore or make good the harm. Often, the penance is simply prayers -- but it may include a direct act to make whole the damage in some cases. For example, confessing to stealing may include making direct restitution to the victim. But the Sacrament of Penance requires more than simply showing up and going through the motions; the penitent must be truly repentant and sorry for the sins, and seek to avoid the sin in the future. The Church encourages the frequent reception of the Sacrament of Penance or Reconciliation because, in her wisdom, the Church and, even more so God, recognizes that we are fallen beings who fail and need to be given an avenue to heal our broken relationship with Our Father.