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What does the Gramm-Leach-Bliley Act prohibit?
Making false statements to the police
Obtaining financial information through deception
Using GPS without consent
Tracking individuals without a warrant
The correct answer is: Obtaining financial information through deception
The Gramm-Leach-Bliley Act (GLBA) is primarily focused on protecting consumers' personal financial information held by financial institutions. One of the key provisions of the Act is to prohibit financial institutions from disclosing nonpublic personal information about consumers to non-affiliated third parties without informing consumers and giving them the chance to opt-out. This regulation emphasizes the importance of privacy and integrity in the handling of personal financial data. Obtaining financial information through deception directly relates to these privacy protections. This act aims to prevent any unauthorized access or misleading practices that would compromise the confidentiality of consumers' financial records. Thus, this option aligns with the objectives of the Gramm-Leach-Bliley Act, highlighting its role in safeguarding against deceptive practices that threaten consumer data. In comparison, the other options address issues not specifically governed by the Gramm-Leach-Bliley Act. Making false statements to the police, for instance, would relate to criminal law rather than financial regulation. Using GPS without consent and tracking individuals without a warrant involve privacy laws but fall under different legal frameworks focused on personal privacy rather than specifically on financial information.