What kind of financial products does the GLBA pertain to?

The Gramm-Leach-Bliley Act (GLBA) primarily pertains to financial products for consumer personal use. This legislation was enacted to promote the privacy of consumers' personal financial information held by financial institutions. Under GLBA, financial institutions are required to provide consumers with disclosures about their information-sharing practices and give them the ability to opt-out of having their information shared with non-affiliated third parties.

The focus on consumer personal use is essential because the act was designed to protect individuals in their financial dealings, including banking, loans, insurance, and investment services. It acknowledges the sensitive nature of personal financial data and aims to ensure that consumers' privacy rights are respected and upheld by the institutions that handle their information.

Other choices, such as financial products for corporate investment or for government purposes, do not fall under the primary scope of GLBA. The act is specifically targeted at consumer financial products rather than the financial practices of corporations or governmental entities. Similarly, while educational institutions may handle financial information related to tuition and student loans, they do not directly fall within the provisions of the GLBA as it primarily addresses individual consumer financial matters.