Which of the following requires financial institutions to inform consumers of their privacy policies and permits consumers some control over their records?
A) Freedom of Information Act
B) Gramm-Leach-Bliley Act
C) COPPA
D) HIPAA

Question

Quizplus · Accepted Answer

The Gramm-Leach-Bliley Act requires financial institutions to provide privacy notices to consumers and allow them to opt-out of certain types of sharing of their personal information. The Freedom of Information Act pertains to government agency disclosures, COPPA pertains to children's online privacy, and HIPAA pertains to healthcare privacy.

Which of the Following Requires Financial Institutions to Inform Consumers