Vandyk: Test Your Knowledge About Gramm–leach–bliley Act! Trivia Quiz

12 Questions | By VanDyk123 | Updated: Mar 20, 2022 | Attempts: 1980

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Vandyk: Test Your Knowledge About Grammleachbliley Act! Trivia Quiz - Quiz

Vandyke: Test Your Knowledge about Gramm–leach–Bliley ACT! Trivia Quiz. This Act was put in place to ensure that the financial information of clients is not shared by the institution anyhow. What are the guidelines to this Act, and how is it helpful to the citizens of America? Do give it a shot and see how well you will do.

Questions and Answers

1.

Have you viewed the Company's training on GLB compliance?
- A.
  
  True
- B.
  
  False
2.

What is the maximum penalty for violating the GLB?
- A.
  
  $1000
- B.
  
  $10,000 and one year in jail
- C.
  
  $50,000 and three years in jail
- D.
  
  $100,000 and five years in jail
3.

Which Federal Agency enforces the GLB Act?
- A.
  
  HUD
- B.
  
  FBI
- C.
  
  CFPB
- D.
  
  No Federal Agency enforces it
4.

According to the Financial Privacy Rule under the GLB Act, at the time of establishing a customer relationship with a consumer, a financial institution must provide the consumer with a privacy notice.
- A.
  
  True
- B.
  
  False
5.

Customers may limit VanDyk’s sharing their non-public personal info for purposes of responding to court orders and investigations.
- A.
  
  True
- B.
  
  False
6.

Which of these places is the safest for paper documents to be kept when not in your vicinity or control?
- A.
  
  A folder on my desk.
- B.
  
  In a filing cabinet.
- C.
  
  In the trash.
- D.
  
  In a locked cabinet or drawer.
7.

A cardboard box is an acceptable place to keep sensitive documents as long as it’s hidden under a desk.
- A.
  
  True
- B.
  
  False
8.

Which of the following is the safest way to receive documents from a borrower?
- A.
  
  U.S. Mail
- B.
  
  E-mail
- C.
  
  Fax
- D.
  
  Uploaded to Encompass
9.

Which of the following must be password protected?
- A.
  
  Work computer
- B.
  
  My smart phone that is set up to receive my work emails
- C.
  
  Home computer that I often use for work
- D.
  
  All of the above
10.

Emailing is the safest way to transmit information.
- A.
  
  True
- B.
  
  False
11.

A caller who is trying to confirm the social security number of a past client should be:
- A.
  
  Provided the information requested.
- B.
  
  Hung up on.
- C.
  
  Referred to the Legal Department.
- D.
  
  Reported to the police.
12.

An employee of VanDyk would never be fined or imprisoned for an accidental violation of the GLB Act.
- A.
  
  True
- B.
  
  False