Business Law II
posted by Lynn on .
What statute requires banks and other financial institutions to disclose to consumers any non-public information they wish to reveal to third parties?
A) Banking and Financial Institution Privacy Act.
B) Gramm-Leach-Bliley Privacy Act.
C) Electronic Communications Privacy Act.
D) Communications Privacy and Decency Act.
And what do you think?
Initially I thought Gramm-Leach-Bliley Privacy Act but I don't see this in my book.
In addition to your textbook, be sure to look up information about all the choices online. Here's one:
Usually the Wikipedia articles are very accurate, but if you want more information than is there, be sure to check out the external links and other references at the bottom of each Wikipedia page.
Okay, I have eliminated A & D
I think the Gramm-Leach... choice is the correct one, but I'm not an econ teacher. From everything I read in the link I gave you above, it seems to fit what this question is asking.
Thanks for your help, I read over the others and also dug a little deeper in my book and I think that's the best choice as well.
You're very welcome!