WebAug 8, 2024 · 8.08.22. Auto dealerships that provide financing are subject to the Gramm Leach Bliley Act (GLBA). That’s the old news. What’s new is that GLBA-covered … WebAutomobile dealers don’t just sell vehicles, they do credit checks and issue loans as well. Because of this, dealers store important customer data, such as addresses, social security numbers and other personal identifiable information. ... GLBA was enacted on November 12, 1999, to reform the financial services industry and address concerns ...
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WebDec 17, 2024 · In fact, GLBA enforcement is conducted by a number of government agencies—including the Federal Trade Commission, the federal banking agencies, the … WebGLBA Compliance for Car Dealerships - Simpatico Technology Solutions Dallas and Lubbock New Amendments to the Gramm-Leach-Bliley Act New Security requirements … WebNov 16, 2024 · The Federal Trade Commission updated the GLBA Safeguards Rule on December 9, 2024, adding new criteria for automotive dealerships. Most of the new compliance criteria went into effect on January 10, of this year. Now, the date upon which all the new regulations aimed at protecting consumer financial information go into effect is … how to obtain a salvage title in georgia