GLBA


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GLBA

(Gramm-Leach-Bliley Act) Enacted in 1999 and effective mid-2001, the GLBA (officially the Financial Services Modernization Act of 1999) stipulates that every financial institution shall protect the security and confidentiality of its customers' confidential personal information. In addition, the Act requires data subjects to be informed of privacy policies and to have an opportunity to inspect and correct their own records. For more information, visit www.ftc.gov/privacy/privacyinitiatives/glbact.html and www.fmcenter.org/fmc_superpage.asp?ID=394. See privacy.
References in periodicals archive ?
The GLBA allows any FHC to engage in activities that are "complementary to a financial activity." (41) A FHC must obtain permission from the FRB on a case-by-case basis for these activities.
The glba , also known as the Global Local Branding Alliance, arranged a conference on branding at one of the world's biggest food and beverage product exhibitions.
The FTC enforces the GLBA, (125) and to date, the FTC's definition of what constitutes a financial institution or nonbank engaged in financial activity has been broad.
Mobile payments create new issues for institutions subject to the GLBA and USA PATRIOT Act.
Under GLBA, a financial institution cannot divulge any nonpublic personal information about a consumer to a non-affiliated third-party unless it first provides the consumer with a notice detailing the disclosure (as well as other aspects of its privacy policies and practices).
The compliance offered by MECS server with HIPAA, GLBA and PCI demonstrates the viability of the solution to adequately comply with various international compliance standards, thus making it suitable for diverse sectors worldwide," said Frost & Sullivan Analyst Ahmed Zeffirelli.
Accordingly, this empirical note investigates factors influencing the bank failure rate over the period 1970 through 2008, with emphasis on a major banking statute, namely, the Financial Services Modernization Act of 1999, also known as the Gramm-Leach-Bliley Act (GLBA), a statute that essentially repealed the Glass-Steagall Act of 1933.
The Gramm-Leach-Bliley Act (GLBA) of 1999, also termed the Financial Modernization Act of 1999, was signed into law on November 12, 1999.
SecureCloud also helps users comply with security standards set in regulations like HITECH, PCI DSS and GLBA by safeguarding sensitive and personally identifiable information with strong encryption techniques.
PacketSure helps organizations proactively secure sensitive and proprietary intellectual property from leaving data networks, defines and enforces access to internal network resources, and enforces compliance with federal privacy and industry security regulations such as HIPAA and GLBA. For more information, please visit http://www.palisadesystems.com/ or contact Palisade by telephone at 1.888.824.0720.
By the time that the GLBA was enacted in 1999, the FRB had authorized