Data Privacy Considered in Congress: What You Should Know
Two top House committees considered legislation that would impact how agents and brokers conform with national data privacy laws and standards.

Two top House committees considered legislation that would impact how agents and brokers conform with national data privacy laws and standards.
The House Financial Services Committee has released draft legislation to amend and bolster the privacy requirements created by the Gramm-Leach-Bliley Act.
While compliance has often been considered a costly and tedious—but necessary—issue, it can offer valuable opportunities to increase profitability.
Companies entrusted with its customers’ financial data are shifting their messaging to emphasize the steps they are taking to ensure the safety of that data.
In the face of a cyberattack, agents and brokers are presented with a double-edged sword: business interruption costs and reputation loss on one side, and regulatory requirements on the other.