CompuCram Questions | Questions with 100% Correct Answers | Updated & Verified

The primary purpose of the FACT Act is to - protect consumers from identity theft What rule within the GLB Act governs the collection and disclosure of nonpublic personal information to third parties? - Financial Privacy Rule For an electronic funds transfer, a SAR must be filed when there is a transaction aggregating _____ or more that involves potential money laundering or violations of the Bank Secrecy Act. - $5,000 According to the GLB Act, a person who completes a single transaction with a creditor is known as a(n)____ and is entitled to receive an initial privacy notice from a financial institution only if the company shares nonpublic personal information with companies not affiliated with it, with some exceptions. - Consumer Regulation P - Gramm-Leach-Bliley Act The Red Flags Rule that requires certain businesses and organizations to develop, implement, and administer an identity theft prevention program is part of what federal law? - Fair and Accurate Credit Transaction Act.