Did you know that a Victoria’s Secret catalog is one of the top reasons that Congress included privacy protections in the Gramm-Leach Bliley Act (GLB Act)? The GLB Act protects consumers’ financial information and requires financial institutions to explain their information-sharing practices to consumers. These privacy protections were introduced by Representative Ed Markey of Massachusetts
Gramm-Leach-Bliley Act
FAST Act loosens financial institutions’ privacy policy notice requirements
By Norman Roos & Scott Baird on
Posted in Enforcement + Litigation
In addition to providing long-term funding for highway infrastructure improvements and other transportation projects, the newly enacted Fixing America’s Surface Transportation Act (FAST Act) seeks to reduce consumer confusion by eliminating annual privacy notice requirements for financial institutions in some circumstances.
The Gramm-Leach-Bliley Act (GLBA) requires financial institutions to provide consumers with notice of the…
Privacy Tip #11
By Linn Foster Freedman on
Posted in Privacy Tips
Whenever you open a new bank account, credit card or debit card account or other account such as a health savings account, the bank or credit card company is required to send you a notice of your privacy practices under the Gramm-Leach-Bliley Act.
The notice is usually a separate page in a package that is…