GLBA
Government & Politics abbreviation · US Law
| Stands for | Gramm-Leach-Bliley Act |
|---|---|
| Categories | Government & Politics |
GLBA stands for Gramm-Leach-Bliley Act, a US law abbreviation.
Financial modernization law of 1999 that repealed Depression-era barriers between commercial banks, investment banks and insurers, and requires financial institutions to explain their information-sharing practices and safeguard customer data.
Example: Your bank's annual privacy notice is required by the GLBA.
Usage notes
Signed by President Bill Clinton in November 1999, it repealed parts of the Glass-Steagall Act of 1933 and legitimized the 1998 merger that created Citigroup. Its Safeguards Rule, enforced by the FTC for non-bank financial firms such as tax preparers and auto dealers, requires written security programs.
Related abbreviations
More US law abbreviations
- FLSA – Fair Labor Standards Act
- FMLA – Family and Medical Leave Act
- FOIA – Freedom of Information Act
- GCA – Gun Control Act of 1968
- GENIUS Act – Guiding and Establishing National Innovation for U.S. Stablecoins Act
- GINA – Genetic Information Nondiscrimination Act
- HAVA – Help America Vote Act
- HEA – Higher Education Act of 1965
- HIPAA – Health Insurance Portability and Accountability Act
- HITECH – Health Information Technology for Economic and Clinical Health Act
- ICWA – Indian Child Welfare Act
- IDEA – Individuals with Disabilities Education Act