Effective July 1,2001, the Gramm-Leach-Bliley Privacy Act (GLB Act) imposes stringent restrictions on consumer information sharing by most auto dealerships. In fact the majority of dealerships are considered "financial institutions" under the terms of this legislation.
If you collect credit applications on potential
customers, or if you obtain consumer credit reports, then the GLB Act applies to you!
Whann & Associates and InterResponse.com have
developed an interactive site designed to help you through the legalities of Gramm-Leach-Bliley.
According to InterResponse.com, "Our solution will provide you the information you need
to understand the changes affecting your business and the tools to craft policies and procedures necessary for your compliance."
For more information on how to comply with the GLB Privacy Act, visit www.interresponse.com.
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