WebOct 28, 2024 · GLBA compliance is required by the FTC and a necessary way to keep sensitive information secure. Still, maintaining compliance each year can be difficult. It is … WebJul 22, 2024 · Summary: Read detailed information on the Gramm-Leach-Bliley Act (GLBA), a US federal law that regulates the handling of non public personal information (NPI) by financial institutions. This article highlights the key objectives of GLBA, including privacy and security standards, and explains the compliance requirements for …
What is the Gramm-Leach-Bliley Act? - SearchCIO
WebDec 17, 2024 · In fact, GLBA enforcement is conducted by a number of government agencies—including the Federal Trade Commission, the federal banking agencies, the Consumer Financial Protection Bureau, and state... WebOct 28, 2024 · Also called the Financial Services Modernization Act of 1999, the GLBA was designed to allow mergers between certain financial institutions with federal supervision. This law repealed large parts of the Glass-Steagall Act of 1933, allowing commercial and investment institutions to merge. magnetic water treatment device
Higher Education Requirements for GLBA: How to prepare for an
WebIn 2006, the Financial Services Regulatory Relief Act (Relief Act) amended the GLBA. The Relief Act amendment directed financial regulatory agencies to collaborate and develop … WebThe 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. Featured FTC Safeguards Rule: What Your Business Needs to … WebJul 30, 2024 · There are certain standards that companies can adopt to demonstrate that they have taken measures to secure sensitive data and achieve data compliance. These standards may be industry standards or a recognized form of international standards. By adopting a compliance standard, companies make a statement about their operations to … nytimes how to pronounce qatar