“The only constant is change” as a Greek philosopher said. Regulations, like GLBA (or Gramm Leach Bliley Act for a mouthful) are no exception. Privacy protections are continually changing to protect consumers, it is important for businesses to be aware of their obligations around privacy protection and notices to keep in compliance. The GLBA is a federal law that requires financial institutions to protect the security and confidentiality of customer personal information and disclose to consumers what you do with their personal information.
The information above is an excerpt from a policy within Vera F&I. We stay on top of industry regulations to make sure you’re working with accurate and current information. Vera F&I provides sales and F&I compliance software and services that limit your liability from the first contact to deal close.