GLB Act Sample Clauses
The GLB Act clause establishes requirements for the protection and confidentiality of consumers' nonpublic personal information by financial institutions. In practice, this clause obligates parties to implement safeguards for customer data, restricts the sharing of such information with third parties without proper disclosures or consent, and may require the provision of privacy notices to clients. Its core function is to ensure compliance with the Gramm-Leach-Bliley Act, thereby protecting consumer privacy and reducing the risk of unauthorized data disclosure.
GLB Act. If the GLB Act, the regulations promulgated thereunder or other applicable Law now or hereafter in effect imposes a higher standard of confidentiality to the Confidential Information, such standard will prevail over the provisions of this Article.
GLB Act. The Bank shall comply with the ▇▇▇▇▇-▇▇▇▇▇-▇▇▇▇▇▇ Act and any and all regulations promulgated thereunder as applicable to the Bank.