United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2001-05-03 monographic deposited born digital 22 p. GA 1.13:GAO-01-617 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-01-617 P0b002ee18037d155 f:d01617 DGPO 2010-08-12 2011-03-24 GAOREPORTS-GAO-01-617 machine generated eng fdlp REPORT GAOREPORTS-GAO-01-617 GAO-01-617 Financial institutions Privacy law Right of privacy Fraud Other Written Product A00950 This report provides information on (1) the efficacy and adequacy of remedies provided by the Gramm-Leach-Bliley Act of 1999 in addressing attempts to obtain financial information by false pretenses and (2) suggestions for additional legislation or regulatory action to address threats to the privacy of financial information, from financial institutions. As of March 31, 2001, federal regulatory and enforcement agencies had not taken any enforcement actions or prosecuted any cases under Subtitle B. The Federal Trade Commission (FTC) and the Department of Justice are still in the process of taking steps to ensure that the financial institutions that they regulate have reasonable controls to protect against fraudulent access to financial information. Although all of the federal regulators and privacy experts whom GAO contacted agreed that additional time and experience are necessary to determine if Subtitle B remedies are sufficient to address fraudulent access to financial information, FTC staff and privacy experts suggested legislative changes to Subtitle B. GAO did not evaluate the potential impact or practicality of these suggestions, since it found no consensus on these ideas. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-01-617/html/GAOREPORTS-GAO-01-617.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-01-617/pdf/GAOREPORTS-GAO-01-617.pdf GAO-01-617 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-01-617 Other Written Product GAO-01-617; Financial Privacy: Too Soon to Assess the Privacy Provisions in the Gramm-Leach-Bliley Act of 1999; Financial institutions Privacy law Right of privacy Fraud Public Law 106-102