A GLBA Report, also known as a Gramm-Leach-Bliley Act Report, refers to a document that outlines the compliance status of a financial institution with the provisions of the Gramm-Leach-Bliley Act (GLBA). The GLBA is a federal law in the United States that governs the privacy and security of consumer financial information.
A GLBA Report provides an assessment of the financial institution’s policies, procedures, and controls related to the protection of customer information. It evaluates the organization’s adherence to GLBA requirements, such as the development and implementation of safeguards to protect customer data, the provision of privacy notices, and compliance with applicable privacy and security regulations.
