Are you in compliance?

Gramm-Leach-Bliley

Gramm-Leach-Bliley (GLB) requires banking and financial institutions across the United States to describe how they will protect the confidentiality and security of consumer information.

Violations of GLB

If you are found noncompliant, you could be vulnerable to severe fines and even subject to class-action lawsuits. Noncompliance can result in the following:

• Institutions can be subjected to civil penalties of up to $100,000 for each violation.
• The officers and directors of the financial institution can be subject to, and personally liable for, a civil penalty of up to $10,000.
• Imprisonment for up to five years is possible.