Which type of entities is NOT protected under the GLBA?

The correct answer pertains to partnerships and limited liability companies, which are not covered under the GLBA (Gramm-Leach-Bliley Act). The GLBA is primarily designed to protect the personal information of individuals and households when they engage with financial institutions. It sets forth requirements on how these institutions must handle nonpublic personal information, ensuring that customers' privacy is safeguarded.

Individuals using financial services for personal purposes, households seeking loans, and those applying for credit cards are all considered consumers under the act and are granted protection. The regulations focus largely on the privacy rights of consumers, who are predominantly individual persons or families, rather than business entities. This distinction is important, as it means that partnerships and limited liability companies do not enjoy the same privacy protections as individual consumers under the GLBA.