introduced the FHC, a separate form of BHC for companies wishing to expand beyond the business of banking and closely related activities to a broader array of financial services.
With President Clinton's signing of the GLBA
Those activities were already permissible prior to GLBA
The intent of the GLBA
is to protect the customers of financial institutions from invasions of their privacy.
Gregory, who wrote the opinion in which Luttig concurred, said Cline and the insurers "are correct in their assertion that the GLBA
does not give the OCC express power of interpretation.
aims to: 1) provide financial services companies with a more level playing field, 2) allow U.
significantly altered the legal framework governing the permissible affiliations and activities of U.
It is not all that clear" who falls under GLBA
, cautions Patricia Faley, vice president, ethics and consumer affairs, at the Washington, D.
Special event programs also include an intensive one-day summit focused on how to implement and maintain compliance with SOX, HIPAA, GLBA
and other existing and emerging laws, and a CISO Executive Summit, where attendees will discover how their peers from diverse industries tackle and manage their security challenges.
, Congress included protections that allowed consumers to determine when personal financial information could be shared among financial service institutions.
In addition, the GLBA
authorized the agencies to issue joint rules implementing the FCRA.