FDIC’s Guidance to Institutions and Examiners for Implementing the Gramm-Leach-Bliley Act Title V and the Fair and Accurate Credit Transactions Act

Gramm-Leach-Bliley Act (GLBA)Federal Deposit Insurance Corporation (FDIC)Privacy

This report presents the results of our audit of the FDIC’s implementation of the Gramm-Leach-Bliley Act of 1999 (GLBA) Title V and the Fair and Accurate Credit Transactions Act of 2003 (FACT Act). The audit objective was to determine whether the FDIC’s Division of Supervision and Consumer Protection (DSC):

- provided adequate guidance to FDIC-supervised institutions and examiners for implementing the data privacy and security provisions of the GLBA Title V and the FACT Act, and

- implemented the recommendations in Office of Inspector General (OIG) Audit Report No. 03-044, The Federal Deposit Insurance Corporation’s Progress in Implementing the Gramm-Leach-Bliley Act, Title V - Privacy Provisions, dated September 26, 2003.

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