As more users engage in online activity, more data circulates and more information is collected by outside entities. In the United States, there are laws that govern the collection of information rather than a single comprehensive policy or agency. Which of the following is an example of a law that governs personal information collection by banks or financial institutions?
A) The Fair Credit Reporting Act
B) The Federal Deposit Insurance Act
C) The Gramm-Leach-Bliley Act
D) The Sarbanes-Oxley Act of 2002

Question

Quizplus · Accepted Answer

This question requires familiarity with laws used in the United States to govern and protect personal information, specifically information collected by banks and financial institutions. Choice C is correct because this is exactly why the Gramm-Leach-Bliley Act exists. The remaining choices are incorrect because they have other goals or do not exist.

As More Users Engage in Online Activity, More Data Circulates