Financial Privacy Breach Notification Act of 2005

Summary

Financial Privacy Breach Notification Act of 2005 - Amends the Gramm-Leach-Bliley Act to require a financial institution to promptly notify the following entities whenever a breach of personal information has occurred at such institution: (1) each customer affected by such breach; (2) certain consumer reporting agencies; and (3) appropriate law enforcement agencies. Requires any person that maintains personal information for or on behalf of a financial institution to promptly notify the institution of any case in which such customer information has been breached. Prescribes notification procedures. Authorizes a customer injured by a violation of this Act to institute a civil action to recover damages. Authorizes the Federal Trade Commission to enforce compliance with this Act, including the assessment of fines for violations.

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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 9 June 2005

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 9 June 2005

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• Introduced in Senate

  summary · EN · 9 June 2005

  Open at official source

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