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| What is Gramm-Leach-Bliley? |
| The Gramm-Leach-Bliley Act of 1999, which went into effect in July of 2002, governs the handling of all personal information. The law mandates that all financial institutions establish procedures for protecting personal information, including the protection of discarded information. Financial penalties and civil suits may result from the inadvertent disclosure of personal information. |