Which privacy law pertains to the protection of financial information?

The Gramm-Leach-Bliley Act (GLBA) is specifically designed to protect consumers' financial information. It mandates that financial institutions establish privacy policies and practices to safeguard sensitive information. The law requires institutions to inform customers about their information-sharing practices and gives consumers the right to opt-out of having their information shared with non-affiliated third parties. The GLBA is an important tool in maintaining the confidentiality and security of financial data and ensuring that consumers are aware of how their personal financial information is handled.

In contrast, the Americans with Disabilities Act (ADA) primarily addresses civil rights for individuals with disabilities, and while it includes provisions related to access to services, it does not focus on privacy for financial information. The Health Insurance Portability and Accountability Act (HIPAA) and the Health Information Technology for Economic and Clinical Health Act (HITECH) are aimed at protecting medical and health information, rather than financial data. Both HIPAA and HITECH set regulations for the handling of healthcare information but do not encompass the specifics regarding financial information that the GLBA addresses.