The Gramm-Leach-Bliley Act (GLBA) of 1999 requires banking and financial institutions across the United States to describe how they will protect the confidentiality and security of consumer information.
The Gramm-Leach-Bliley Act applies to:
•
Banks
•
Credit Unions
•
Securities Brokers
•
Real Estate Appraisers
•
Insurance Companies
•
Automobile Leasing Companies
•
Companies that operate travel agencies in connection with financial services
•
Retailers that issue their own credit cards directly to consumers
02/28/2005: In the latest financial privacy slip-up, Bank of America Corp. said Friday that it lost computer tapes containing personal information on federal employees who use 1.2 million bank-issued cards to pay for expenses.