“The only constant is change” as a Greek philosopher said. Regulations, like GLBA (or Gramm Leach Bliley Act for a mouthful) are no exception. Privacy protections are continually changing to protect consumers, it is important for businesses to be aware of their obligations around privacy protection and notices to keep in compliance. The GLBA is a federal law that requires financial institutions to protect the security and confidentiality of customer personal information and disclose to consumers what you do with their personal information.
Where did we find these? In Compligo, of course.
The information above is an excerpt from a policy provided by one of our partners, Hudson Cook LLP. We work with them and other industry experts to make sure we are providing accurate and current information, and we manage that information in an online Compliance Management System. One of the benefits of using a Compliance Management System is that it houses all the policies and guidelines you need to be aware of for your industry so you don’t have to go hunting down information; it is simply at your fingertips.