Which statute protects the privacy of personally identifiable, nonpublic financial information by restricting when and how it can be disclosed to nonaffiliated third parties by financial institutions?
A)Gramm-Leach-Bliley Act
B)Right to Financial Privacy Act of 1978
C)Fair Debt Collections Practices Act
D)The Privacy Act of 1974

Question

Which statute protects the privacy of personally identifiable, nonpublic financial information by restricting when and how it can be disclosed to nonaffiliated third parties by financial institutions?​
A)Gramm-Leach-Bliley Act
B)Right to Financial Privacy Act of 1978
C)Fair Debt Collections Practices Act
D)The Privacy Act of 1974

Quizplus · Accepted Answer

The Gramm-Leach-Bliley Act (GLBA) specifically addresses the issue of protecting nonpublic personal information held by financial institutions and sets forth requirements on how this information can be shared with nonaffiliated third parties.

Which Statute Protects the Privacy of Personally Identifiable, Nonpublic Financial Information