Envoy Data provides products and solutions that will meet your agency and clients needs to become GLBA compliant.
The GrammLeachBliley Act (GLBA), also known as the Financial Services Modernization Act of 1999 is an act of the 106th United States Congress (19992001). It repealed part of the GlassSteagall Act of 1933, removing barriers in the market among banking companies, securities companies and insurance companies that prohibited any one institution from acting as any combination of an investment bank, a commercial bank, and an insurance company. With the bipartisan passage of the GrammLeachBliley Act, commercial banks, investment banks, securities firms, and insurance companies were allowed to consolidate. Furthermore, it failed to give to the SEC or any other financial regulatory agency the authority to regulate large investment bank holding companies. The legislation was signed into law by President Bill Clinton.
GLBA compliance is mandatory; whether a financial institution discloses nonpublic information or not, there must be a policy in place to protect the information from foreseeable threats in security and data integrity.
- Washington State Passes Law Restricting Commercial Collection, Storage and Use of Biometric DataOn July 23, 2017, Washington State will become the third state (after Illinois and Texas) to statutorily restrict the collection, storage and use of biometric data for commercial purposes. The Washington legislature explained its goal in enacting Washington’s new biometrics law: The legislature intends to require a business that collects and can attribute biometric data...
- When a Consumer Gives Personal Information After Opting-OutMore often than not companies are realizing that they have a consumer provide her information after she has previously opted-out of marketing. For example, a company collects contact information online, sends a consumer email marketing its services, and she opts-out of further email marketing by following the "opt-out" procedures in that email. Six months later […]