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

Answer Options

A

GLBA

B

SOX

C

HIPAA

D

FERPA

Correct Answer: A

Explanation

The Gramm-Leach-Bliley Act (GLBA) contains provisions regulating the privacy of customer financial information. It applies specifically to financial institutions. Among other things, the Sarbanes Oxley (SOX) Act regulates the financial reporting activities of publicly traded companies. The Health Insurance Portability and Accountability Act (HIPAA) regulates the handling of protected health information (PHI). The Family Educational Rights and Privacy Act (FERPA) regulates the handling of student educational records.