Ethics-Governance: Article: American Bar Association

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American Bar Association The Court finds that attorneys are not financial institutions under the definition of the Gramm-Leach-Bliley Act and that Title V Subtitle A does not apply to attorneys engaged in the practice of law. In June 2001, the Federal Trade Commission determined that the Gramm-Leach-Bliley (Public Law 106-102), a banking law passed in 1999, granted the Commission authority to regulate the ethical duty of confidentiality that U.S. attorneys owe their clients. Title V, Subtitle A of the Gramm-Leach-Bliley Act requires financial institutions to provide customers with periodic notice of the institution's privacy protection policies and empowers federal agencies to enforce protection regimes within those firms. Full Article: http://www.abanet.org/poladv/glbfactsheet.html


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