Question

Yolanda is the chief privacy officer for a financial institution and is researching privacy issues related to customer checking accounts. Which one of the following laws is most likely to apply to this situation?

1) GLBA
2) SOX
3) HIPAA
4) FERPA

Answer 1

The law that is most likely to apply to Yolanda's situation as the chief privacy officer for a financial institution researching privacy issues related to customer checking accounts is the GLBA.

Step-by-step explanation:

The law that is most likely to apply to Yolanda's situation as the chief privacy officer for a financial institution researching privacy issues related to customer checking accounts is the Gramm-Leach-Bliley Act (GLBA). The GLBA, also known as the Financial Modernization Act of 1999, is a federal law that requires financial institutions to protect the privacy and security of customer information, including checking account information. It mandates that financial institutions provide customers with privacy notices and safeguards their personal information from unauthorized access or disclosure.