Which U.S. government agency is responsible for enforcing the Privacy of Consumer Financial Information Rule of the Gramm-Leach-Bliley Act (GLB Act)?
- Federal Trade Commission (FTC)
- Securities and Exchange Commission (SEC)
- Commodity Futures Trading Commission (CFTC)
- Federal Deposit Insurance Corporation (FDIC)
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Explanation & Hint: The U.S. Gramm-Leach-Bliley Act (GLB Act) applies to all financial services organizations, regardless of size. The Federal Trade Commission (FTC) is responsible for enforcing GLBA. |