GLBA Compliance: GLBA Privacy Rule (Part 2 of 3)
In the first part of our series, we covered the basics of GLBA Compliance. In this article, we turn our focus to the GLBA Privacy Rule.
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In the first part of our series, we covered the basics of GLBA Compliance. In this article, we turn our focus to the GLBA Privacy Rule.
Financial institutions often share their customers’ and consumers' financial information with business partners and affiliates. In order to protect citizens’ privacy and decrease the likelihood of identity theft, in 1999 the United States Congress passed the Gramm-Leach-Bliley Act (GLBA), also known as the Financial Services Modernization Act.
Starting from March 1, 2022, the new Supplemental Liquidity Schedule (SLS), proposed in April 2021 by the Financial Industry Regulatory Authority (FINRA), has become effective following approval by the Securities and Exchange Commission (SEC).
In a recent interview with Unifimoney, InnReg CEO Francesco Matteini shared his insights on the current status of financial innovation and regulation.
According to a 2019 PWC survey, 42% of banks engaged in joint partnerships with fintech companies, a figure that more than doubles to 94% of financial services companies expressing confidence that fintechs would help grow their company’s revenue over the coming years.
At InnReg we resolve a myriad of complex compliance issues for cutting edge clients in highly regulated industries. We’re passionate about launching your creative ideas without compromising your original vision, and without undue regulatory risk.
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