Which Act regulates the privacy of consumer financial information?

The Gramm-Leach-Bliley Act (GLBA) primarily focuses on the protection of consumer financial information by requiring financial institutions to explain their information-sharing practices to their customers and to safeguard sensitive data. This act establishes the importance of privacy in the financial sector, mandating that institutions take measures to ensure the confidentiality and security of consumer data. By requiring the creation of privacy notices and allowing consumers to opt-out of certain information-sharing practices, GLBA aims to provide consumers with greater control over their personal financial information. This makes it the appropriate regulation regarding the privacy of consumer financial data, distinguishing it from acts that pertain to education or health information.