What law provides consumers the option to prevent their information from being shared with certain third parties?

The Graham, Leach, Bliley Act (GLBA) is the law that provides consumers with the ability to restrict the sharing of their personal financial information with certain third parties. Specifically, the GLBA requires financial institutions to establish privacy policies and practices, which include giving consumers the option to opt out of having their information shared with non-affiliated third parties. This empowers consumers to have greater control over their personal data and how it is used or shared.

The intent of the GLBA is to protect consumers' privacy while allowing financial institutions to use their data for necessary business purposes. It emphasizes transparency and the importance of consumer consent in the handling of their personal information. By requiring institutions to notify consumers about their privacy practices and the opportunity to limit the sharing of their information, the GLBA upholds consumer rights in the financial industry.

In contrast, the other laws listed do not specifically address the sharing of consumer information in the same manner. The Fair Housing Act focuses on preventing discrimination in housing; the Bank Secrecy Act aims at preventing money laundering and ensuring that financial institutions report certain transactions; and the Telemarketing Sales Rule regulates telemarketing practices but does not specifically pertain to the sharing of consumer financial information.