GLBA

Gramm-Leach-Bliley Act

GLBA is a U.S. law that requires financial institutions to protect customer information and disclose their privacy practices. It applies to banks, lenders, and other financial service providers.

GLBA includes the Safeguards Rule and Privacy Rule, which set standards for data security and customer notices. Institutions must also provide consumers with opt-out options for certain data sharing.

Related Terms

GDPR

General Data Protection Regulation

GDPR is a European Union regulation that governs how personal data is collected, processed, and stor...

PCI DSS

Payment Card Industry Data Security Standard

PCI DSS is a set of security standards designed to ensure that all companies that accept, process, s...

KYC

Know Your Customer

KYC is the process financial institutions use to verify the identity of their customers. It's a key ...

OFAC

Office of Foreign Assets Control

OFAC is a US Treasury Department agency that administers and enforces economic sanctions against tar...

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