PRACTICE SOLUTIONS GRADED A+
● Right to Financial Privacy Act (1978). Answer: protects the records of
financial institution customers from unauthorized scrutiny by the federal
government
● Gramm-Leach-Bliley Act (1999). Answer: allows business
combinations (e.g. mergers) between commercial banks, investment
banks, and insurance companies, and thus permits these institutions to
compete in markets that prior regulations prohibited them from entering.
● Fair and Accurate Credit Transactions Act (2003). Answer: It allows
consumers to request and obtain a free credit report once each year from
each of the three primary consumer credit reporting companies (Equifax,
Experian, and TransUnion).
● Health Insurance Portability and Accountability Act (HIPAA).
Answer: was designed to improve the portability and continuity of
health insurance coverage; to reduce fraud, waste, and abuse in health
insurance and healthcare delivery; and to simplify the administration of
health insurance.
, ● Family Educational Rights and Privacy Act (FERPA). Answer: Is a
federal law that assigns certain rights to parents regarding their
children's educational records
● Children's Online Privacy Protection Act (COPPA). Answer: any
website that caters to children must offer comprehensive privacy
policies, notify parents or guardians about its data collection practices,
and receive parental consent before collecting any personal information
from children under 13 years of age.
● Title III of the Omnibus Crime Control and Safe Streets Act. Answer:
also known as the Wiretap Act, regulates the interception of wire
(telephone) and oral communications
● Foreign Intelligence Surveillance Act (FISA). Answer: describes
procedures for the electronic surveillance and collection of foreign
intelligence information in communications between foreign powers and
the agents of foreign powers.
● Executive Order 12333. Answer: Identifies various government
intelligence-gathering agencies and defines what information can be
collected, retained, and disseminated by the agencies. It allows for the
tangential collection of U.S. citizen data—even when those citizens are
not specifically targeted.