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"What part of the Gramm-Leach-Bliley Act requires many institutions to give consumers privacy notices that explain the institutions’ information-sharing practices?"

1 Answer

6 votes

Answer:

The safeguards rule

Step-by-step explanation:

The safeguards rule states that that companies must have a written document and security framework that protects there customer's information.

The safeguards rule is a part of Gramm-Leach-Bliley act also known as the Financial Services Mordenization Act of 1999. It is aimed at enhancing competition in the financial sector. One company was now allowed to be involved in different aspects of financial services: commercial banking, investment banking, securities, insurance and so on.

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