The GLBA requires financial institutions – or companies that offer consumers financial products like loans or insurance – to explain their information-sharing practices to their customers and to safeguard sensitive data. Gramm-Leach-Bliley Act | Federal Trade Commission (ftc.gov) The GLBA regulations may apply when the university provides financial aid to students and coordinates insurance for our employees.

The university must protect the privacy of consumers’ personal financial information and develop and give notice of privacy policies to customers at least annually and give consumers an opportunity to opt out before disclosing their personal financial information to an unaffiliated third party.