- Related Indusries
Gramm-Leach Bliley ACT - GLBA
Financial Institutions Must Protect Private Information
Detect, Deter Fraud Instantly & Optimize Compliance
The Gramm-Leach-Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, opened up the market among banking companies, securities companies and insurance companies
Regarding compliance requirements, the key rules under the GLBA include:
Examples of businesses that are "financial institutions" for purposes of the GLB Act:
- Mortgage lender or broker
- Check casher
- Pay-day lender
- Credit counseling service and other financial advisors
- Medical-services provider that establishes for a significant number of its patients long-term payment plans that involve interest charges
- Financial or investment advisory services including tax planning, tax preparation, and instruction on individual financial management
- Retailer that issues its own credit card
- Auto dealers that lease and/or finance
- Collection agency services
- Relocation service that assists individuals with financing for moving expenses and/or mortgages
- Sale of money orders, savings bonds, or traveler's checks
- Government entities that provide financial products such as student loans or mortgages
Gramm-Leach-Bliley Act compliance is mandatory; and, 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.
Fraud Fighter™ designs and manufactures product solutions proven to aid any financial institution or other business covered under GLBA to validate ID’s and to create a logical, secure method to capture and store vital personal identity information without creating hard copies of the ID documents, nor exposing the information to employees who have no need to see it.
Fraud Fighter provides the control framework needed to optimize compliance with GLBA with a non-intrusive implementation of a solution while providing optimal respect to customers in the transactional environment.
