Practice Quiz

IAPP CIPP/US Practice Exam

Category - Professional

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In part, the Consumer Financial Protection Bureau's  Regulation P (12 CFR Part 1016),  requires financial requires compliances with certain limitations on __________________________.
  1. The disclosure of nonpublic information to the CFPB
  2. Offering financial advice based on a private search by consumers
  3. The disclosure of nonpublic information to nonaffiliated third parties
  4. Making offers of predatory loans
Explanation
Answer: C - The CFPB’s Regulation P (12 CFR Part 1016), in part, requires financial institutions to comply with certain limitations on disclosing nonpublic information to nonaffiliated third parties.
 
The regulation also requires FIs to provide specific privacy notices and compliance with other limitations on redisclosure and reuse of personal information.
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