An abbreviation for the US Gramm-Leach-Bliley Act, which protects the nonpublic information on consumers obtained by financial services providers and is enforced by the Federal Trade Commission. The Gramm-Leach-Bliley Act applies not only to traditional lenders such as banks, it also applies to retailers, universities, auto dealerships and carmakers, and any other business that lends money to consumers. Each violation can be punishable by fines up to $100,000 per violation. Individuals in charge might be fined up to $10,000 per violation and subject to criminal prosecution and up to 5 years in prison.

Federal Register: Privacy of Consumer Financial Information Rule Under the Gramm-Leach-Bliley Act (2021)