The ____ required all financial service institutions to communicate their data privacy rules and honor customer preferences on sharing of data.
A) Gramm-Leach-Bliley Act
B) Freedom of Information Act
C) USA Patriot Act
D) none of the above

Question

Quizplus · Accepted Answer

The Gramm-Leach-Bliley Act requires financial institutions to communicate their privacy policies to customers and give them an opportunity to opt-out of certain types of data sharing. The Freedom of Information Act and USA Patriot Act are not related to data privacy in financial institutions.

The ____ Required All Financial Service Institutions to Communicate Their