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Gramm-Leach-Bliley Act
The Gramm-Leach-Bliley Act (GLBA) requires the University of Minnesota to implement safeguards to insure
the security and confidentiality of certain non-public customer information. This imposes on the
University the obligation to select only vendors that can demonstrate their ability to safeguard
non-public financial information to which vendors might have access, or be granted access by
the University.
Most departments will not have exposure to the GLBA. However, it is important to be aware of the
activities that can subject a department or program to the law. The following link offers
information on the implementation of safeguards, examples of financial service or products that
can subject a departments or program to the law, and Frequently Asked Questions (FAQ) about the
applicability of the GLBA to various University activities and programs.
If your Request for Proposal (RFP) or Request for Bid (RFB) deals with any of the financial
services/products that may apply to GLBA and the vendor may have access, or be
granted access by the University to non-public customer information identifiable to an individual
(student, employee, customer, etc.), an additional set of questions
(GLBA - Attachment D) about the
vendor's ability to safeguard this information will need to accompany the RFP/RFB document.
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