QuestionQ245

Federal Privacy Laws

After reviewing various federal privacy laws, Angela concludes that Digital Fields is independently subject to the Gramm-Leach-Bliley Act (GLBA). Which feature of Digital Fields’ business most likely led her to this conclusion?

  • A The types of services they provide
  • B Their direct marketing to consumers
  • C Their method of delivering goods and services
  • D The personal information they collect for providing services
Explanation

GLBA covers financial institutions—businesses significantly engaged in financial activities. Providing deposit-account services and enabling investments in securities and mutual funds are financial services; the nature of those services establishes GLBA coverage.

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