The Gramm-Leach-Bliley Act is concerned with:

• A. Privacy of consumer information
• B. Consumer marketing regulations
• C. Disclosures of fees
• D. Truthful advertising

Answer: (D)

The Gramm-Leach-Bliley Act centers on protecting the privacy of consumer financial information. It requires financial institutions, including mortgage lenders, to provide notices about how they collect, use, and share personal data; give customers the option to opt out of certain sharing with non-affiliates; and implement safeguards to protect sensitive information. This focus on privacy practices and data security is why privacy of consumer information is the best description of what the act covers. Other options don’t fit because GLBA isn’t about advertising truthfulness, fee disclosures, or general marketing regulations; those areas are governed by different laws and agencies.