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Vendor Sheet

Gramm-Leach Bliley Act (GLBA) What You Need to Know and How to Ensure Compliance

Gramm-Leach Bliley Act (GLBA) What You Need to Know and How to Ensure Compliance

Gramm-Leach Bliley Act (GLBA) What You Need to Know and How to Ensure Compliance

1touch.io
Pages 6 Pages

The Gramm-Leach-Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, is a U.S. federal law that governs how financial institutions collect, use, share, and protect customer and consumer financial information. Although newer privacy regulations such as GDPR, CCPA, and LGPD often receive greater attention, GLBA remains a critical compliance requirement for banks, insurance companies, investment firms, and other financial organizations. Originally enacted to modernize the financial services industry and remove barriers between different types of financial institutions, GLBA also introduced strict privacy and data security obligations. The law requires covered organizations to establish safeguards that protect sensitive customer information, provide transparency r

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