Which U.S. government agency is responsible for enforcing the Privacy of Consumer Financial Information Rule of the Gramm-Leach-Bliley Act (GLB Act)?

Which U.S. government agency is responsible for enforcing the Privacy of Consumer Financial Information Rule of the Gramm-Leach-Bliley Act (GLB Act)?

• Securities and Exchange Commission (SEC)
• Commodity Futures Trading Commission (CFTC)
• Federal Trade Commission (FTC)
• Federal Deposit Insurance Corporation (FDIC)

Explanation: The U.S. Gramm-Leach-Bliley Act (GLB Act) applies to all financial services organizations, regardless of size. The Federal Trade Commission (FTC) is responsible for enforcing GLBA.

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