Gramm-Leach-Bliley Act

The Federal Trade Commission (FTC) requires financial institutions, including colleges and universities, to establish policies and procedures for safeguarding customer financial information by complying with the Gramm-Leach-Bliley Act of 1999 (GLB). The law protects consumers or customers who obtain financial products or services to be used primarily for personal, family, or other household purposes. Centre College has implemented an Information Security Plan to comply with the requirements of the Act. GLB also includes specific requirements regarding the privacy of customer financial information. The FTC has ruled that being in compliance with the Family Educational Rights and Privacy Act (FERPA) satisfies the privacy requirements of GLB.