Gramm-Leach-Bliley Act (GLBA): Federal law that requires financial institutions to explain their information-sharing practices to their customers and to safeguard sensitive data
Fair Credit Reporting Act (FCRA): Federal law governing the collection, dissemination, and use of consumer credit information
Bank Secrecy Act (BSA): Requires financial institutions to assist government agencies in detecting and preventing money laundering
USA PATRIOT Act: Requires financial institutions to verify customers' identity and maintain appropriate records of customer identification
Equal Credit Opportunity Act (ECOA): Prohibits discrimination in any aspect of a credit transaction on the basis of race, color, religion, national origin, sex, marital status, age, or public assistance status
Consumer Financial Protection Bureau (CFPB) Regulations: Federal agency rules governing consumer protection in financial services, including requirements for financial forms and disclosures
Federal Trade Commission (FTC) Privacy Rules: Guidelines for protecting consumer privacy and personal information in financial transactions
CAN-SPAM Act: Regulations governing electronic communications in financial services, including requirements for commercial messages
Federal Information Security Management Act (FISMA): Standards for information security that may apply to financial data collection and storage
State Privacy Laws: Various state-specific regulations governing privacy and data protection, such as the California Consumer Privacy Act (CCPA)
IRS Regulations: Federal tax reporting requirements and documentation standards for financial institutions
Know Your Customer (KYC) Requirements: Regulatory requirements for verifying the identity of clients and assessing potential risks of illegal intentions
Customer Due Diligence (CDD) Rules: Requirements for financial institutions to identify and verify the identity of beneficial owners of accounts
