Safeguards Rule
Safeguards Rule: A rule within the Gramm-Leach-Bliley Act that requires all financial institutions to design, implement and maintain safeguards to protect customer information. The Safeguard Rule applies not only to financial institutions that collect information from their customers, but also financial institutions such as credit reporting agencies, appraisers, mortgage brokers and others that collect and disclose customer information received from other financial institutions.
