In the memory anchors, GLBA is linked to which concept?

In the memory anchors, GLBA is linked to which concept?

• A. Privacy
• B. Licensing
• C. Settlement
• D. Disclosure

Answer: (A)

The key idea here is privacy. GLBA—the Gramm-Leach-Bliley Act—centers on protecting the privacy of consumer financial information. It requires financial institutions to safeguard nonpublic personal info, to tell customers how their information is shared through privacy notices, and to give customers options (like opting out of certain disclosures). It also imposes a Safeguards Rule to maintain security of data. Licensing and settlement aren’t the main concepts linked to GLBA in this memory sense, and while disclosure is part of how privacy is communicated, the fundamental anchor for GLBA is privacy.

The key idea here is privacy. GLBA—the Gramm-Leach-Bliley Act—centers on protecting the privacy of consumer financial information. It requires financial institutions to safeguard nonpublic personal info, to tell customers how their information is shared through privacy notices, and to give customers options (like opting out of certain disclosures). It also imposes a Safeguards Rule to maintain security of data. Licensing and settlement aren’t the main concepts linked to GLBA in this memory sense, and while disclosure is part of how privacy is communicated, the fundamental anchor for GLBA is privacy.