Question

A car dealership gives another company a consumer's financial records without notifying the consumer. Which regulatory act did the car dealership violate?

Answer 1

right to financial privacy act

Answer 2

The correct answer is Privacy of Consumer Financial Information.

Step-by-step explanation:

The regulatory act that violated the auto dealership was the Consumer Financial Information Privacy Act. This law protects all financial information concerning acts performed by a consumer. The responsibility for keeping these data is strictly that of the car dealership.

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