Supreme Court rules Washington’s Public Records Act is not preempted by Gramm-Leach-Bliley Act

OLYMPIA, WA – November 5, 2010 – (RealEstateRama) — The Washington Supreme Court issued a decision today in which justices unanimously agreed with the Washington Attorney General’s Office that the financial privacy provisions of the federal Gramm-Leach-Bliley Act (GLBA) don’t preempt the state Public Records Act. The ruling also clarified that information about individual mortgage borrowers is still protected as intended under federal law due to exemptions set forth under state law.