Transcription of VIII. Privacy —GLBA
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VIII. Privacy —GLBA
_____ VIII. Privacy GLBA Gramm-Leach-Bliley Act( Privacy of Consumer Financial Information) Introduction Title V, Subtitle A of the Gramm-Leach-Bliley Act ( GLBA )1 governs the treatment of nonpublic personal information about consumers by financial institutions. Section 502 of the Subtitle, subject to certain exceptions, prohibits a financial institution from disclosing nonpublic personal information about a consumer to nonaffiliated third parties, unless (i) the institution satisfies various notice and opt-out requirements, and (ii) the consumer has not elected to opt out of the disclosure.
May 18, 2000 · of the disclosure of the consumer’s nonpublic personal in-formation to a nonaffiliated third party if the disclosure is regulation. If the financial institution provides the con-sumer’s nonpublic personal information to a nonaffiliated third party under the exception in section 13, it must pro
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