Gramm-leach-bliley act pdf
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§ et seq.) requires the FTC, along with the Federal banking agencies and other regulators, to issue regulations ensuring that financial institutions protect the privacy of consumers' personal financial information The GLB Act requires companies to give consumers privacy notices that explain the institutions’ information-sharing practices. The Gramm-Leach-Bliley Act of repealed the Glass Title V, Subtitle A of the Gramm-Leach-Bliley Act (GLBA)2 governs the treatment of nonpublic personal information about consumers by financial institutions. Here’s a brief look at the basic financial privacy requirements of the law Abstract. GRAMM-LEACH-BLILEY ACT [P.L. Section of Gramm-Leach-Bliley Act (GLBA) Privacy of Consumer Financial InformationTitle V, Subtitle A of the Gramm-Leach-Bliley Act (GLBA)2 governs the treatment of nonpublic personal information about consumers by financial institutions The Gramm-Leach-Bliley Act requires financial institutions – companies that offer consumers financial products or services like loans, financial or investment advice, or insurance – to explain their information-sharing practices to their customers and to safeguard sensitive data 25A of the Federal Reserve Act (seq., et seq.), and bank holding companies and their nonbank subsidiaries or affiliates (except brokers, dealers, persons providing insurance, investment companies, and investment advisers), by the Board of Governors of the Federal Reserve System; Links. In turn, consumers have the right to limit some – but not all – sharing of their information. § et seq.) requires the FTC, along with the Federal banking agencies and other regulators, to issue In Brief: The Financial Privacy Requirements of the Gramm-Leach-Bliley Act. Protecting the privacy of consumer information held by “financial institutions” is at the heart of the Gramm-Leach-Bliley Act: Creating a New Bank for a New Millennium. –] [As Amended Through P.L. –94, Enacted ember 4, ] øCurrency: This publication is a compilation of the text of Title V, subtitle A, of this Act (U.S.C. Title V, subtitle A, of this Act (U.S.C. James R. Barth and Shen Zhang.