The U.S. federal law that requires financial institutions to explain how they share and protect their customers' private information is known as the _______.
- Computer Fraud and Abuse Act
- Gramm-Leach-Bliley Act
- Patriot Act
- Sarbanes-Oxley Act
The correct answer is the "Gramm-Leach-Bliley Act." This law mandates financial institutions to disclose their information-sharing practices and safeguard customers' private data.
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