Which of the following is permitted under the GLBA?

The Gramm-Leach-Bliley Act (GLBA) emphasizes the importance of protecting consumers' personal financial information while allowing certain disclosures under specific circumstances. One key aspect of GLBA is that it requires financial institutions to provide consumers with the option to opt-out of having their personal information shared with non-affiliated third parties. This means that consumers should be given a clear opportunity to prevent their data from being shared, which aligns with the principles of transparency and consumer control over personal information.

The requirement to offer an opt-out option empowers consumers and reflects the GLBA’s intention to protect their privacy. This is particularly relevant as it helps consumers make informed choices regarding their personal and financial data and fosters trust between them and financial institutions.

In contrast, sharing customer data without consent, sharing personal information in ways not outlined as exceptions in the law, or allowing any third party unrestricted access to data would violate the principles of the GLBA and potentially expose institutions to legal repercussions.