1. FCRA allows for the sharing of consumer credit information:
a. Without providing an opt-out notice
b. With non-affiliates, but only with an opt-out
c. With affiliates, but only with an opt-out
d. With affiliates, and no opt-out is required
2. Information that is not subject to the privacy provisions of the GLBA is:
a. Information that is publicly available
b. Information that the institution reasonably believed was publicly available
c. Both A and B
d. Neither A nor B
3. The Opt-out notice required by the GLB prior to sharing NPI with non-affiliated third parties must:
a. Provide a reasonable means of opting out and provide a reasonable time to opt out
b. Be effective for at least 12 months
c. Be given orally or in writing
d. All of the above
4. The Disposal Rule promulgated by the FTC pursuant to the FACT Act requires: (check all that apply)
a. The proper disposal of consumer credit reports or information derived from consumer credit reports
b. Provides very specific acceptable manners of disposal
c. Allows for flexibility on the part of the disposer of the information
d. Applies only to financial institutions
5. The required components of the privacy notice given to consumers include: (check all that apply)
a. Notifying the customer about what type of NPI is collected
b. Notifying the customer about how NPI is protected
c. Providing an opt out
d. Notifying the customer of who the NPI is share with
e. All of the above
6. The required features of the Safeguards Rule include all EXCEPT:
a. A written safeguarding policy
b. Continuous monitoring, testing and updating of the program
c. Safe harbor for institutions who use a third party to provide safeguarding services
d. At least one employee specifically designated to coordinate the program
e. None of the above
7. In order to deliver the privacy policy via website, the financial institution must:
a. Also provide the policy in paper form
b. First provide the policy in paper form at least once
c. Receive customer consent to receive it in this manner
d. Obtain written consent to receive it in this manner
a. Without providing an opt-out notice
b. With non-affiliates, but only with an opt-out
c. With affiliates, but only with an opt-out
d. With affiliates, and no opt-out is required
2. Information that is not subject to the privacy provisions of the GLBA is:
a. Information that is publicly available
b. Information that the institution reasonably believed was publicly available
c. Both A and B
d. Neither A nor B
3. The Opt-out notice required by the GLB prior to sharing NPI with non-affiliated third parties must:
a. Provide a reasonable means of opting out and provide a reasonable time to opt out
b. Be effective for at least 12 months
c. Be given orally or in writing
d. All of the above
4. The Disposal Rule promulgated by the FTC pursuant to the FACT Act requires: (check all that apply)
a. The proper disposal of consumer credit reports or information derived from consumer credit reports
b. Provides very specific acceptable manners of disposal
c. Allows for flexibility on the part of the disposer of the information
d. Applies only to financial institutions
5. The required components of the privacy notice given to consumers include: (check all that apply)
a. Notifying the customer about what type of NPI is collected
b. Notifying the customer about how NPI is protected
c. Providing an opt out
d. Notifying the customer of who the NPI is share with
e. All of the above
6. The required features of the Safeguards Rule include all EXCEPT:
a. A written safeguarding policy
b. Continuous monitoring, testing and updating of the program
c. Safe harbor for institutions who use a third party to provide safeguarding services
d. At least one employee specifically designated to coordinate the program
e. None of the above
7. In order to deliver the privacy policy via website, the financial institution must:
a. Also provide the policy in paper form
b. First provide the policy in paper form at least once
c. Receive customer consent to receive it in this manner
d. Obtain written consent to receive it in this manner
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