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Gramm Leach Bliley Act (Reg P)

Act

Gramm Leach Bliley Act (Reg P)

The privacy provisions of GLBA govern the treatment of nonpublic personal information about consumers and requires notice to consumers about what information financial institutions collect, how that information may be shared and with whom, and when and how consumers can restrict information sharing. In addition, a second part of the statute requires steps to safeguard customer information.

GLBA Title V governs the treatment of nonpublic personal information about consumers. It requires notice to consumers about a financial institution’s privacy policies and practices, describes when nonpublic personal information may be disclosed to nonaffiliated third parties, and provides mechanisms for consumers to “opt out” from information sharing in certain circumstances. It also imposes requirements to ensure that customer information is properly protected and secured.

Statutes

15 U.S.C. 6801-6827

Rules & Regulations

Regulation P (12 C.F.R. 1016)

Staff Analysis

The NAIC Insurance Data Security Model Law Memo
February 24, 2021
Amendment to the Annual Privacy Notice under GLBA
September 12, 2018
FAST Act Amendment to the Annual GLBA Privacy Notice
December 17, 2015
Use of the Model Privacy Notice Format 2010
November 8, 2010

GLBA Questions from the Hotline

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Agency Guidance

Amendment to the Annual Privacy Notice Requirement Under the GLBA (Regulation P) Final Rule
August 17, 2018
Interagency Guidance Clarifies Privacy Laws and Reporting on Elder Financial Abuse
September 24, 2013
FDIC Compliance Guidance on Model Privacy Notice Form
September 27, 2010
CFPB Model Privacy Forms
April 15, 2010
Privacy FAQs
December 1, 2001

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Exam Procedures

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Policy Library
News

Policy Library

Letter to Congress & Regulators
Joint Letter to CFPB on GLBA Violations
February 13, 2023
Testimony
ABA Statement for the Record: "Cyber Threats, Consumer Data, and the Financial System."
November 3, 2021
Comment Letter
Joint Letter to the Uniform Law Commission on the Draft Uniform Personal Data Protection Act
July 6, 2021
Staff Analysis
The NAIC Insurance Data Security Model Law Memo
February 24, 2021

News

Article
Data privacy part 2: A patchwork of state laws
March 03, 2023
Article
Practical data privacy compliance amid regulatory swirl
March 02, 2023

Related Training & Events

Privacy: GLBA Safeguards Rule
Self-Paced Training
Privacy: GLBA Rule (Reg P)
Self-Paced Training
Privacy: Overview of Laws
Self-Paced Training
Privacy/Information Sharing for Compliance Professionals
Self-Paced Training

ABA Resources

Guide
Data Security & Customer Notification Requirements for Banks
September 21, 2021

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Senior Vice President, Regulatory Compliance and Policy

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