Complete the sentence:The Gramm-Leach-Bliley Act (GLBA) of US regulates the privacy practices adopted by financial...

Vendor: DSCI
Product: DCPP-01
Update on: Nov 2, 2025
Questions: 122

DSCI DCPP-01 Question Answer

Complete the sentence:

The Gramm-Leach-Bliley Act (GLBA) of US regulates the privacy practices adopted by financial institutions, requiring them to provide adequate security of the customer records. It lays various obligations on the financial institutions but allows such financial institutions to share the non-public information of customers (after properly notifying their consumers in a manner mentioned in the Act) with

Its affiliates only after obtaining explicit consent from the consumers

Its affiliates without need for obtaining explicit consent from the consumers for sharing their data

Its affiliates after disclosure in initial and annual GLBA privacy notices

Its affiliates after obtaining explicit permission of Federal Trade Commission