Gramm-Leach-Bliley Act《格雷姆-里奇-布里利法案》(GLBA),又称金融现代化法案,是一部美国联邦法律,为存储敏感的个人和财务信息的公司规定了隐私和安全保护要求。GLBA法律适用于所有符合该法规定的 "金融机构Financial Institution "的实体。虽然这可能使人觉得许多公司会被豁免,但正如美国联邦贸易委员会(FTC)所解释...
The article offers information on the concern of Consumer Financial Protection Bureau on violations of the U.S. Real Estate Settlement Procedures act and Gramm-Leach-Bliley Act (GLB Act), which are related to consu...
The GLBA, or the Financial Services Modernization Act, requires financial companies to comply with requirements to explain disclosure practices and safeguard customers’ sensitive data.
The Safeguards Rule seeks to ensure the security and confidentiality of customer records and information, while the Privacy Rule requires customers are provided with a notice of privacy policies and practices and the ability to opt out. The law also bars pretexting, which involves individuals lying ...
The Gram-Leach-Bliley Act was introduced to protect customer information within financial institutions. Under this act, organizations are required to disclose how they protect and share customers' personal information with third-party service providers. The privacy rule of this act specifically focuses ...
The Act consists of three sections: The Financial Privacy Rule, which regulates the collection and disclosure of private financial information; the Safeguards Rule, which stipulates that financial institutions must implement security programs to protect such information; and the Pretexting Rule, which proh...
The Gramm-Leach-Bliley Act (GLBA)--also known as the Financial Services Modernization Act of 1999--requires financial institutions to explain their information-sharing practices to their customers and to safeguard sensitive data. The core aim is to prevent and mitigate cyber threats. The Federal ...
The Act has three sections: The Financial Privacy Rule – Regulates the collection and disclosure of private financial information. The Safeguards Rule – Requires financial institutions to implement security measures to protect private financial information. Pretexting Rule – Prohibiting the practice of...
In line with the older Fair Credit Reporting Act, the Privacy Rule also requires that institutions give consumers the ability to forbid the financial institution from sharing their information with unaffiliated third parties. Privacy notices like these need to be issued at the beginn...
The Gramm-Leach-Bliley Act requires financial institutions that offer consumers financial products or services to explain their information sharing practices to consumers and to safeguard sensitive data. The GLB Act includes the Financial Privacy Rule, the Model Form Rule, the Safeguards Rule and ...