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In 1999, the United States Congress passed the Financial Services Modernization Act, referred to as the Gramm-Leach-Bliley (GLB) Act. The primary provisions included under the GLB Act require financial institutions, including health plans, to take several
Suggested Answer: A
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21 comments · newest first
LE
Leandro
10 months ago
I thought they had to let us opt-out, guess I was wrong.
EV
Evette
10 months ago
Wait, can they really share our info without consent?
RI
Ricarda
11 months ago
Totally agree, transparency is key!
MA
Mauricio
11 months ago
The GLB Act requires notifying customers about info sharing.
MA
Maia
11 months ago
This is why we need stronger privacy laws!
CH
Chan
11 months ago
I vaguely recall something about protecting personally identifiable information, but I can't remember if that's specifically covered under the GLB Act.
ES
Essie
12 months ago
I practiced a similar question, and I think the focus was on how institutions must disclose their privacy policies to customers, not just affiliates.
MA
Margurite
12 months ago
I'm not entirely sure, but I feel like the act allows customers to opt-out of sharing their information. I need to double-check that.
AL
Alisha
1 year ago
I remember studying the GLB Act, and I think it emphasizes the need for financial institutions to notify customers about sharing their information.
AL
Alverta
1 year ago
Okay, I think I've got this. The question is asking about the primary provisions of the GLB Act, and the correct answer is A - financial institutions have to notify customers about sharing non-public personal financial information. I'm feeling good about this one.
IL
Iluminada
1 year ago
Ugh, I'm struggling with this one. The wording of the question and the options is a bit confusing. I'll need to re-read everything a few times to make sure I understand what they're asking. Maybe I can eliminate a couple of the options that seem less relevant.
LA
Lachelle
1 year ago
Ah, I remember learning about the GLB Act in one of my finance courses. I'm pretty confident that the correct answer is A - financial institutions have to notify customers if they share non-public personal financial information with third parties.
AU
Audry
1 year ago
Hmm, this seems like a tricky one. I'm not too familiar with the details of the GLB Act, so I'll need to think this through carefully. I'll start by trying to eliminate any options that don't seem to align with the question.
PA
Patti
1 year ago
I think the key here is to focus on the primary provisions of the GLB Act. The question is asking about the specific requirements for financial institutions, so I'll need to carefully read through the options and select the one that best matches the information provided.
BE
Beth
1 year ago
I agree, it's crucial for financial institutions to notify customers about sharing their personal information.
DU
Dustin
1 year ago
I think the GLB Act is important for protecting our financial information.
PH
Phillip
1 year ago
I think option A is the correct answer. Financial institutions need to be transparent about sharing customer data with third parties.
ST
Stacey
10 months ago
Exactly! Without transparency, customers might feel uneasy.
JA
James
10 months ago
Definitely! Customers should know how their info is used.
KI
Kimberely
10 months ago
I agree, option A makes the most sense. Transparency is key.
BU
Burma
11 months ago
Option A is crucial for trust in financial institutions.