Consumer/client privacy rights Under the GLB, financial institutions must provide their clients a privacy notice that explains what information the company gathers about the client, where this information is shared, and how the company safeguards that information. This privacy notice must be given to the client prior to entering into an agreement to do business. There are exceptions to this when the client accepts a delayed receipt of the notice in order to complete a transaction on a timely basis. This has been somewhat mitigated due to online acknowledgement agreements requiring the client to read or scroll through the notice and check a box to accept terms.
Consumer/client privacy rights Under the GLB financial institutions must provide their clients a privacy notice that explains what information the company gathers about the client where this information is shared, an,d how the company safeguards that information. This privacy notice must be given to the client prior to entering into an agreement to do business There are exceptions to this when the client accepts a delayed receipt of th,e notice in order to complete a transaction on a timely basis. This has been somewhat mitigated due to online acknowledgement agreements requiring the client to read or scroll through the notice and check a box to accept terms.