Exam CRCM topic 1 question 209 discussion

The correct answer is C. Gramm-Leach-Bliley Act of 1999. This law imposes restrictions on how financial institutions disclose nonpublic personal information about consumers to nonaffiliated third parties. It also mandates that these institutions must provide their customers with privacy notices that explain their information-sharing practices. Additionally, the law gives consumers the right to opt-out of some forms of information sharing with nonaffiliated third parties.