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Gramm-Leach-Bliley Act (GLB Act) - 17 Resources OverviewGramm-Leach-Bliley Act of 1999 (GLB Act)The Financial Modernization Act of 1999, also known as the Gramm-Leach-Bliley Act (GLB Act), includes privacy provisions to protect consumer information held by financial institutions. In 2003, the Federal Trade Commission (FTC) confirmed that higher education institutions are considered financial institutions under this federal law. The Safeguards Rule of the GLB Act requires financial institutions to have a security plan to protect confidentiality and integrity of personal information. Privacy notices explaining an institution's information-sharing practices must also be provided. As of May 23, 2003, colleges and universities must be in compliance with provisions of the GLB Act that relate to the Safeguards Rule. Colleges and universities that already comply with the Family Educational Rights and Privacy Act (FERPA) will be deemed to be in compliance with FTC privacy rules under the GLB Act. EDUCAUSE has identified links concerning the GLB Act that may be useful to the higher education community. Many of these links have been contributed by EDUCAUSE members. If you would like to include additional resources on this page, send the information to contribute@educause.edu Federal Government ResourcesGramm-Leach-Bliley Act of 1999 (GLB Act) Public Law 106-102, passed by the 106th Congress. 16 CFR Part 314: Standards for Safeguarding Customer Information; Final Rule Published in May 2002, the regulations under 16 CFR Part Part 314 stem from the GLB Act and mandate extensive new privacy protections for consumers. Since colleges and universities participate in financial activities, such as making federal Perkins Loans, FTC regulations consider higher education institutions to be financial institutions for the purposes of the GLB Act. Financial Privacy: The Gramm-Leach Bliley Act The FTC is educating consumers and businesses about the importance of personal information privacy, including the security of personal information. Under the GLB Act, the FTC has implemented rules concerning financial privacy notices and the administrative, technical, and physical safeguarding of personal information. Information Regarding the Gramm-Leach-Bliley Act of 1999 This web site, hosted by the U.S. Senate Committee on Banking, Housing, and Urban Affairs, provides a conference report and text of the bill, summary of provisions, statements, and press releases. Association and Non-governmental Organization ResourcesEPIC (Electronic Privacy Information Center) GLB Resource Page National Association of College and University Business Officers (NACUBO) GLB Act Resource Page Universities and the GLB ActCatholic University of America, Office of the General Counsel Florida State University, Finance Administration Policies & Procedures University of Kansas Medical Center, GLB Act Security Program University of Maryland-Baltimore, Information Technology Privacy Policy University of Virginia, Financial & Administrative Policies & Procedures
Updated January 2011 Publications (9)EDUCAUSE publications address a diverse range of professional challenges in higher education IT, from updates on current developments to explorations of important overarching issues. Listed below are the full range of research, reports and other publications that EDUCAUSE and its members have written about Gramm-Leach-Bliley Act (GLB Act). Presentations (7)
Stepping away from the distractions of normal routine to meet with peers, share experiences, and learn together can be invaluable. EDUCAUSE places great emphasis on the face-to-face meeting experience, offering you numerous opportunities throughout the year to gather with colleagues - from small regional events and special topic meetings to large, national conferences covering the full spectrum of roles and issues important to higher education. For more information on EDUCAUSE conferences and seminars, please see our Frequently Asked Questions page. Listed below is the full range of presentations EDUCAUSE and its members tagged with Gramm-Leach-Bliley Act (GLB Act) Do you have a great resource that should be listed here? Email contribute@educause.edu with your recommendation! |
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