Guidelines for Use, Access, and Responsible Disclosure of Financial Data Act amends the Gramm-Leach-Bliley Act to enhance consumer data privacy and.
The Guidelines for Use, Access, and Responsible Disclosure of Financial Data Act amends the Gramm-Leach-Bliley Act to improve the treatment of consumer financial data. It mandates financial institutions to limit the collection and disclosure of nonpublic personal information to what is necessary for each purpose. The bill requires financial institutions to obtain consumer consent before collecting or disclosing sensitive nonpublic personal information.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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