Title V, Subtitle A of the Gramm-Leach-Bliley Act (GLBA) 1 . Also, Sections 131-133 of the Act (15 U.S.C. Results of search for '(su:"United States.") AND (su:"Gramm-Leach endobj The Gramm-Leach-Bliley Act (GLB Act or GLBA) is also known as the Financial Modernization Act of 1999. Subsection (j) of section 4 of the Bank Holding Company Act of 1956 (12 U.S.C. WebFinally, acts may be referred to by a different name, or may have been renamed, the links will take you to the appropriate listing in the table. Section 5 of the Bank Holding Company Act of 1956 (12 U.S.C. (More Info). Gramm Slaughter, FTC Safeguards Rule: What Your Business Needs to Know, FTC's Privacy Rule and Auto Dealers: FAQs, How To Comply with the Privacy of Consumer Financial Information Rule of the Gramm-Leach-Bliley Act, Compliance deadline for certain revised FTC Safeguards Rule provisions extended to June 2023, New publication offers guidance on revised FTC Safeguards Rule, Updating you on FTC privacy and data security initiatives, Corporate boards: Dont underestimate your role in data security oversight, Application of Title V, Subtitle A, of the G-L-B Act, and of the Commission's Privacy Rule, to Attorneys At Law, Ascension Data & Analytics, LLC, In the Matter of, LightYear Dealer Technologies, LLC, In the Matter of, FTC v. Global Mortgage Funding, Inc., et al., SACV 02-1026 DOC, __________________, a minor, also known as _______________, by his parent ____________, Fajilan and Associates, Inc., also d/b/a Statewide Credit Services, In the Matter of, James B. Nutter & Company, a corporation, in the Matter of, Premier Capital Lending, Inc., et al., In the Matter of, American United Mortgage Company., United States of America (for the FTC), Nations Title Agency, Inc., Nations Holding Company, and Christopher M. %PDF-1.5 % Federal government websites often end in .gov or .mil. No determination of the Board under paragraph (1) may take effect before the end of the 180-day period beginning on the date by which notice of the determination has been submitted to both Houses of the Congress together with a detailed explanation of the activities to which the determination relates and the basis for the determination, unless before the end of such period, such activities have been approved by an Act of Congress. The 20th undesignated paragraph of section 9 of the Federal Reserve Act (12 U.S.C. Element 7: Provides for the evaluation and adjustment of its information security program in light of the results of the required testing and monitoring; any material changes to its operations or business arrangements; the results of the required risk assessments; or any other circumstances thatit knows or has reason to know mayhave a material impact the information security program (16 C.F.R. q(4cY7-;xb/8" ^k 8F|$@OH4hd{}Qw2TPnvL@D\}/x(`{#AzlV}r8#$3Xlyh?/mulVHqXsBl6'O U)@P3h^IdIZVvs?L7\a H==ta<1A>OQ2fGR`?`'q_ a)0Y}XdMO}4]?q@2UtrQhp Check out their Cybersecurity Assessment Tool, which can help you identify specific areas in which your organization may not be aligned with the GLBA's requirements. Text The .gov means its official. ensure that financial institutions, including mortgage brokers and lenders, protect nonpublic personal information of consumers. ), was designed to regulate the disclosure and protection of nonpublic personal information (NPI) collected by a financial institution from an individual in order to obtain a financial product or service from the institution for personal, family, or 0000007171 00000 n ); (3)AAa covered entity or business associate governed by the privacy, security, and breach notification rules issued by the United States Department of Health and Human Services, 45 C.F.R. Element 2: Provides for the information security program to be based on a risk assessment thatidentifies reasonably foreseeableinternal and external risks to thesecurity, confidentiality, and integrity ofcustomer information (as the term customer information applies to the institution or servicer) that could resultin the unauthorized disclosure, misuse,alteration, destruction, or othercompromise of such information, andassesses the sufficiency of anysafeguards in place to control theserisks (16 C.F.R. The act re-organized financial services regulation in the 106-102, 113 Stat. 314.3(b)). Under the Standards of Administrative Capability at 34 C.F.R. GLBA consumer vs. customer. 2010Subsec. 41 note; 12 U.S.C. Gramm-Leach-Bliley Act | Federal Trade Commission Federal government websites often end in .gov or .mil. You'll find three types of link associated with each popular name (though each law may not have all three types). Consumer Financial Protection Looking for legal documents or records? trailer << /Size 134 /Info 110 0 R /Encrypt 114 0 R /Root 113 0 R /Prev 102438 /ID[<5846b0805e7089b473388c4c36e8c2e1>] >> startxref 0 %%EOF 113 0 obj << /Type /Catalog /Pages 98 0 R /Metadata 111 0 R /JT 109 0 R >> endobj 114 0 obj << /Filter /Standard /R 2 /O (~}!P RZW#YvN.\n) /U (MvY_E^PJ.+w) /P -12 /V 1 /Length 40 >> endobj 132 0 obj << /S 437 /T 505 /Filter /FlateDecode /Length 133 0 R >> stream Pub. WebAct of 1956 (12 U.S.C. The Graham-Leach-Bailey Act (GLBA) is a 1999 law that allowed financial services companies to offer both commercial and investment banking, something that had been banned since the Great Depression. 314.4(a)). Limitation on agency interpretation or judicial construction. Such audits can provide invaluable feedback, but keep in mind that they're essentially just providing a second opinion from a private company, not offering the United States Federal government's seal of approval. WebV, Gramm-Leach-Bliley Act (15 U.S.C. Search the Legal Library instead. We are also still on Instagram at @govtrack.us posting 60-second video summaries of legislation in Congress. Subject to a determination under subparagraph (B), the Comptroller of the Currency may extend the 2-year period referred to in subparagraph (A) above from time to time as to any particular national bank for not more than 6 months at a time, if, in the judgment of the Comptroller, such an extension would not be detrimental to the public interest, but no such extensions shall in the aggregate exceed 1 year. Institutions should coordinate with their leadership and appropriate staff to implement the requirements in the Final Rule by June 9. to the extent that a later date is specified in the rules prescribed under section 504; and, In furtherance of the policy in subsection (a), each agency or authority described in, This subtitle [subtitle A (501510) of title V of. Were looking to learn more about who uses GovTrack and what features you find helpful or think could be improved. 15 U.S. Code 6801 - Protection of nonpublic personal -rKER ANQ?H_aij#]Fv'E7#_#V~Fk Jn%ENi?Px&deTCQu)7n-FuzdWo/@;5F[L{v=IMbIJ 314.4(i)). Section 6801 et seq. The objectives of the GLBA standards for safeguarding information are to . :o8}*uj & S)72Uf'uWrTN03Mct-+r"vp=VC&:)7a\]mIsZ'>:g]bY4b2}`I TXfcme*1:1Ve{@#*b8$8+Ty;^uWLXU)@l)LRU>u}Ub8ga7qn`) gZ?I"6 endstream endobj 123 0 obj << /Type /Encoding /Differences [ 32 /space 191 /questiondown 248 /oslash ] >> endobj 124 0 obj << /Filter [ /ASCII85Decode /FlateDecode ] /Length 296 >> stream Nor will a full-text search of the Code necessarily reveal where all the pieces have been scattered. The GLBA has important implications for pretexting in a couple different respects. Sponsor: As a result, often the law will not be found in one place neatly identified by its popular name. WebThe Gramm-Leach-Bliley Act required the Federal Trade Commission (FTC) and other government agencies that regulate financial institutions to implement regulations to carry out the Acts financial privacy provisions (GLB Act). Privacy pros zero in on Title V, Subtitle A of the GLBA (15 U.S.C. 4. Please sign up for our advisory group to be a part of making GovTrack a better tool for what you do. L. 106-102, Nov. 12, 1999, 113 Stat. 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