Further, the GLBA
restricts the purpose of investment to bona fide merchant or investment banking activities.
(159) The FTC can likely also provide guidelines for privacy and data security for mobile payment companies through the GLBA
. (160) However, in addition to sharing enforcement and regulation powers with the CFPB, the FTC's use of the regulations they have power over do not explicitly protect consumer privacy and data security if used by a mobile payment company.
Because financial institutions are subject to the requirements of the GLBA
, the institutions would already be providing their privacy disclosure policies to their customers that hold debit or credit accounts through them.
This Article argues that critics are mistaken in attributing a connection between the GLBA
and the financial crisis.
introduced the FHC, a separate form of BHC for companies
Just as the "fall of the wall" in Eastern Europe reflected decades of change on the continent and throughout the world, the enactment of the GLBA
reflected decades of change and modernization in the U.S.
For example, a company's business processes supported by technology may need to comply with Sarbanes-Oxely, Health Insurance Portability and Accountability Act (HIPPA), Gramm-Leach-Bliley Act (GLBA
) and other requirements.
Finally, results show that stock return volatility increased significantly for A&H and P&C (but not for Life) insurers following the Gramm-Leach-Bliley Act (GLBA
) of 1999.
The Data Protection Act, HIPAA, EuroSOX, MiFID and GLBA
all mandate the confidentiality of information and, therefore, the prevention of leakage.
Businesses need email encryption to ensure the privacy of their internal and external communication, to help with compliance and regulations (such as HIPAA, SOX, GLBA
, PCI or the UK Data Protection Act), and to protect their intellectual property." Based on the technology acquired with the purchase of Identum in January 2008, Trend Micro's initial email encryption solution is integrated with IMHS, providing automated, policy-based encryption for emails filtered through Trend Micro's hosted email security.
US regulations, such as the Health Insurance Portability and Accountability Act (HIPAA) for healthcare and the Gramm-Leach-Bliley Act (GLBA
) for financial services, are specific to certain market segments.
The renewed zest in retention practices can also be attributed to the Enron debacle; the Arthur Andersen trial (beware the perils of document destruction); and the inception of acts such as the Health Insurance Portability and Accountability Act of 1996, the Sarbanes/Oxley Act of 2002, and the Gramm Leach Bliley Act (GLBA
) of 1999.
imposes two significant requirements upon accountants who are covered by the statute.
Institutions already must comply with two existing notice and Opt-out requirements: (1) under the Gramm-Leach-Bliley Act (GLBA
) privacy provisions, relating to sharing consumer information with unaffiliated third parties, and (2) under portions of the FCRA already in effect before the FACT Act.