Gramm-Leach-Bliley Act
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The GLB Act - Gramm-Leach Bliley Act is also known as:
Financial Services Modernization Act
Financial Privacy Rule
Governs collection of nonpublic personal information and how its shared. Consumers have the right to opt in/opt out
Pretexting Provisions
Protects consumers from individuals and companies that obtain their personal financial information under false, fictitious, or fraudulent pretenses
Safeguards Rule
Requires financial institutions to design & maintain safeguards to protect consumer data
someone who obtains a specific product or service for personal use
consumer
someone that has an ongoing significant relationship.
customer