DSCI Exam DCPP-01 Topic 1 Question 49 Discussion

Actual exam question for DSCI's DCPP-01 exam

Question #: 49
Topic #: 1

A financial organization may share nonpublic information about its customers in accordance with Gramm-Leach-Bliley Act of the US. Which one of the following is the requirement?

AData sharing does not require consent from the consumers.

BAs soon as the GLBA privacy notice is disclosed initially and annually

CFTC permission is required

DConsumers' consent must be obtained first

Show Suggested Answer

Suggested Answer: D

by Mira at Jun 01, 2024, 07:53 PM

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Marjory

7 months ago

Haha, the FTC permission option (C) is a good one. As if the government would let us share customers' data without their approval!

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Thomasena

6 months ago

Agreed, we definitely need to follow the rules when it comes to sharing customer data.

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Hillary

6 months ago

Yeah, option C is definitely the safest bet.

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Tarra

7 months ago

Option B is a bit misleading. The GLBA privacy notice is not the only requirement, consumers' consent is still needed.

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Latricia

6 months ago

B) As soon as the GLBA privacy notice is disclosed initially and annually

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Aleta

6 months ago

A) Data sharing does not require consent from the consumers.

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Deja

7 months ago

I agree with Rolland. The GLBA requires financial institutions to obtain consumers' consent before disclosing their private information.

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Mitzie

7 months ago

D) Consumers' consent must be obtained first

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Linwood

7 months ago

B) As soon as the GLBA privacy notice is disclosed initially and annually

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Willard

7 months ago

A) Data sharing does not require consent from the consumers.

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Harrison

8 months ago

I agree with you, Cristy. It's important to get consent before sharing nonpublic information.

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Rolland

8 months ago

Option D is the correct answer. Consumers' consent must be obtained first before sharing their nonpublic information.

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Yoko

7 months ago

B) As soon as the GLBA privacy notice is disclosed initially and annually

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Gaston

7 months ago

D) Consumers' consent must be obtained first

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Vernell

7 months ago

B: Yes, I remember reading that the privacy notice must be disclosed initially and annually as well.

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Kris

7 months ago

A: Did you know that according to the GLBA, consumers' consent must be obtained before sharing their information?

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Henriette

7 months ago

B) As soon as the GLBA privacy notice is disclosed initially and annually

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Shenika

7 months ago

That's right, consumers' consent is required before sharing their information.

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Theodora

7 months ago

Yes, consumers' consent must be obtained first before sharing their nonpublic information.

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Corazon

7 months ago

D) Consumers' consent must be obtained first

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Marsha

8 months ago

I think option D is the correct answer.

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Cristy

8 months ago

I think the requirement is to obtain consumers' consent first.

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