Gramm-Leach-Bliley Act

Pretexting

Impersonation

Financial Privacy Rule

Must communicate with users about how information is shared, and give chance to opt out

What is the main purpose?

Protects consumer's financial information held by financial institutions

SPF

Safeguarding, Pretexting, Financial Privacy

Customer Definition

A consumer with a continuing relationship with a financial institution

Consumer Definition

An individual who obtains or has obtained a financial product or service from a financial institution for personal, family or household reasons

Who does it apply to?

Any financial institutions that give loans or financial advice

Safegaurding

Written security plan to protect consumer's information

Financial Privacy Rule

governs collection of non-public personal information (NPI)