The Identity Theft and Assumption Deterrence Act was enacted to protect consumers' personal financial information held by financial institutions.

Question

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The Identity Theft and Assumption Deterrence Act, enacted in 1998, was primarily designed to make identity theft a federal crime, focusing on the unlawful use and transfer of someone else's identity rather than specifically protecting personal financial information held by financial institutions.

The Identity Theft and Assumption Deterrence Act Was Enacted to Protect