CIPP/US: Certified Information Privacy Professional/United StatesDemo

By IAPP · Question Mode

QuestionQ244

The U.S. Privacy Environment

Once Free Fields is no longer affiliated with Fields Funds, which of the following would most likely apply to the personal information that Free Fields may collect from consumers?

  • A Financial Privacy Rule
  • B Fair Credit Reporting Act
  • C Graham-Leach Bliley Act
  • D Federal Trade Commission Act
Explanation

The Financial Privacy Rule, implemented through Regulation P under the Gramm-Leach-Bliley Act, governs financial institutions’ handling of consumers’ nonpublic personal information and restricts certain disclosures to nonaffiliated third parties. An investment advisory company and a credit counseling service are financial institutions under Regulation P; Free Fields’ tailored financial-information and credit-counseling-related services therefore fall within this specific privacy framework.

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