Practice Quiz

IAPP CIPP/US Practice Exam

Category - Professional

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Under Dodd-Frank, financial institutions must permit consumers access to information regarding ______________.
  1. Mortgage product offerings made available by the FI over the past six months
  2. Transaction history, cost, and usage information in printed format via US mail
  3. Transaction history, cost, and usage information in electronic format
  4. All loan requests and offers over the past year.
Explanation
Answer: C - Under the Dodd-Frank Act, financial institutions must provide and permit consumers access to their transaction history, cost and usage information in electronic format. The Consumer Financial Protection Bureau oversees these activities under the Act.
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