what is one of the three sections of glba?
One of the three main sections of the GLBA is the Financial Privacy Rule , which governs how financial institutions collect, use, and share consumers’ nonpublic personal information and requires them to give privacy notices and certain opt‑out rights.
The three GLBA sections
- Financial Privacy Rule (often called the Privacy Rule): Sets requirements for notices, limits on sharing nonpublic personal information, and customer opt‑out rights.
- Safeguards Rule: Requires financial institutions to develop, implement, and maintain a written information security program to protect customer data.
- Pretexting provisions (Pretexting Rule): Prohibit obtaining customer information under false pretenses or deceptive means.
Quick Scoop recap
- If you just need one section for an exam or quiz, “Financial Privacy Rule” is a correct answer.
- You can also safely answer with “Safeguards Rule” or “Pretexting provisions/Pretexting Rule,” since all three are recognized as core sections of GLBA.
TL;DR: One of the three sections of GLBA is the Financial Privacy Rule.