Financial Privacy – Fair Credit Reporting Act (US)
Personal data has never been a more precious commodity. Financial privacy laws aim to balance an individual’s right to privacy with an organization’s need to provide or obtain information for normal business purposes. Two federal laws that cover the way certain organizations share and safeguard individuals’ financial information are the Fair Credit Reporting Act – or FCRA – and the Gramm-Leach-Bliley Act – or GLBA. Learn what’s required of your organization under these laws, from handling and disclosing personal information to making employment decisions.
- Federal laws affecting personal financial privacy
- The purpose of the Fair Credit Reporting Act (FCRA)
- Who is regulated by the FCRA
- Employer responsibilities around background checks
- The purpose of the Gramm-Leach-Bliley Act (GLBA)
- Your organization’s data privacy requirements under the GLBA
