Under which conditions does the Gramm-Leach-Bliley Act allow a financial institution to disclose nonpublic personal information?

The Gramm-Leach-Bliley Act (GLBA) primarily governs the sharing of nonpublic personal information by financial institutions and requires them to protect consumers' private information. The act allows for the disclosure of this information under specific conditions, particularly for personal, family, or household purposes. This implies that if the information is necessary for the individual to manage their personal finances or make family decisions, the institution can disclose it under certain circumstances.

The key reason this option is correct is that it directly aligns with the consumer's intent and needs regarding their personal information. The GLBA aims to enhance consumer protection, so disclosing information for personal, family, or household purposes reflects a focus on maintaining individual privacy while still allowing the information to be utilized in contexts that are relevant to a consumer's everyday life.

In contrast, research, business, or marketing purposes typically hinge on commercial interests, which do not necessarily have the same consumer protection emphasis as family or household concerns. Therefore, those options would not align with the objectives of the GLBA in regards to maintaining privacy and consumer trust.