Since implementation of the Gramm-Leach-Bliley
Act in 1999, many real estate appraisers have included general privacy notices in their reports, mostly out of caution and potentially pursuant to contractual agreements with clients, and may continue to do so.
The NRF released a statement on March 16 in response to a number of proposals before Congress looking to expand the FTC's authority to retailers and other businesses, similar to its current obligations for the financial industry under Gramm-Leach-Bliley
In 1999, the Financial Services Modernization Act--more popularly known as the Gramm-Leach-Bliley
Act--passed with an overwhelming, bipartisan vote and was signed into law by President Bill Clinton.
Melancon said that the AICPA had worked with lawmakers since enactment of the Gramm-Leach-Bliley
Act to achieve the change, which was possible because CPAs are certified or licensed by state boards of accountancy and are already subject to state laws and regulations that prohibit disclosure of nonpublic personal information without the expressed consent of the client.
They won't have to send Gramm-Leach-Bliley
Act privacy notices out this year.
Besides a confidential background screening, the Association's new program requires training and an examination on both Gramm-Leach-Bliley
Until that time, Walton's order is in effect, and the FTC will not enforce the Act against attorneys engaged in the practice of law; and attorneys who in the course of their law practices choose not to comply with the privacy provisions of the Gramm-Leach-Bliley
Act need not fear enforcement actions or investigations by the FTC.
Ruling on motions to dismiss by the FTC in suits brought by the ABA and the New York State Bar Association, the court held that Congress did not intend the privacy provisions of the Gramm-Leach-Bliley
Act to apply to attorneys who provide legal services, noting in particular those who practice in the fields of real estate settlement, tax planning, and tax preparation.
With the passage of HIPAA and the Gramm-Leach-Bliley
Act, businesses are under increasing pressure to take the necessary steps to protect privacy as they make greater use of more efficient electronic information processing," said Steve Crawford, chief marketing officer of PKWARE.
His bill would overturn the privacy constraints in Gramm-Leach-Bliley
and the Health Insurance Portability and Accountability Act before we have sufficient information on how well these provisions have functioned.
The IRS has received inquiries from practitioners and return preparers on the effect of the Gramm-Leach-Bliley
Act (Act) on Sec.
Pete Sessions (R-TX) respectively, would amend the privacy provisions of the Gramm-Leach-Bliley
Act--the financial services law approved in the last congressional session--but one bill would strengthen privacy rights, while the other would preserve the status quo.