Privacy laws of the United States
Gramm-Leach-Bliley Act

The Gramm-Leach-Bliley Act (GLA) is a federal law that was signed into effect on November 12, 1999. This act placed increased limits and requirements for data collection by financial institutions, as well as limited how that information could be collected and stored. It focused on requiring financial institutions to take specific measure to increase the safety and confidentiality of the information being collected. In addition to this, the law also put limitations on what type of data could be collected by financial institutions and how they could use that information. The act strives to protect NPI, or nonpublic personal information, which is any information that is collected regarding an individual's finances that is not otherwise publicly available.
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