The correct answer is: E. Gramm-Leach-Bliley Act.
This law requires financial institutions to protect a customer's private financial information and prohibits sharing that information without the customer's consent.
A bank employee shared a customer's financial information with other businesses without first informing the customer. What law did the employee break?
A.
Fair Credit Reporting Act
B.
Community Reinvestment Act
C.
Federal Deposit Insurance Act
D.
Fair and Accurate Credit Transactions Act
E.
Gramm Leach Bliley Act
The correct answer is: E. Gramm-Leach-Bliley Act.
This law requires financial institutions to protect a customer's private financial information and prohibits sharing that information without the customer's consent.