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People also ask
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What do the FFIEC appendix J guidelines focus on?
This section of the appendix focuses on business-resiliency aspects of third-party management. A financial institution should evaluate and perform thorough due diligence before engaging a TSP.
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What is the GLBA regulation?
The regulation requires a financial institution to disclose its policies and practices for protecting the confidentiality, security, and integrity of nonpublic personal information about consumers (whether or not they are customers).
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What is the GLBA related to?
ABOUT THE GLB ACT The Gramm-Leach-Bliley Act was enacted on November 12, 1999. In addition to reforming the financial services industry, the Act addressed concerns relating to consumer financial privacy. The Gramm-Leach-Bliley Act required the Federal Trade Commission (FTC) and other government...
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What are GLBA and FFIEC regulations related to?
GLBA / FFIEC Assessment Overview Financial services regulations on information security, initiated by the GLBA, require financial institutions in the United States to create an information security program to protect the security, confidentiality, and integrity of such information.
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What are the FFIEC guidelines?
FFIEC guidelines aim to ensure that financial institutions operate safely, mitigate risk, comply with applicable regulations, follow legal requirements and adequately manage risks.
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Which organization types does the GLBA apply to?
The GLBA applies to the following types of entities: Financial advisors. Insurance companies. Investment advice companies. Service loans.
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What are Ffiec regulations?
The FFIEC considers how businesses comply with laws and regulations aimed at protecting consumers' rights, including fair lending practices, anti-discrimination laws and regulations related to consumer financial privacy.
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