Gramm-Leach-Bliley Act
GLBARequires financial institutions to explain data-sharing practices and to safeguard sensitive data. Includes the Safeguards Rule requiring security programs and the Privacy Rule requiring privacy notices.
Jurisdiction
United States
Jurisdiction Type
federal
Country
United States
Effective Date
11/12/1999
Enforcing Authority
FTC / Federal banking regulators
Maximum Fine
Up to ,000 per violation; criminal penalties up to ,000 and 5 years
Fines Under This Regulation
0
Total Fine Amount (USD)
--
Privacy Topics
financial_dataconsumer_noticesafeguardspretexting
Key Articles
| Article | Description |
|---|---|
| §501 | Protection of nonpublic personal information |
| §502 | Obligations for financial institutions |
| §521 | Privacy of consumer financial information |
| Title V | Privacy |