What is one of the privacy requirements included in the Gramm-Leach-Bliley Act?

The Safeguards Rule is one of the key privacy requirements established by the Gramm-Leach-Bliley Act (GLBA). This rule mandates that financial institutions implement a comprehensive information security program to protect consumers' personal information. Specifically, it requires institutions to take measures to ensure the confidentiality and security of customer data, including conducting risk assessments, implementing safeguards, and continuously monitoring the effectiveness of these measures. This is crucial for maintaining consumer trust and protecting sensitive financial information from unauthorized access or breaches.

In contrast, the other choices mentioned pertain to different aspects of financial regulation or consumer protection, but they are not specifically linked to the privacy requirements outlined in the GLBA. Financial Reporting Standards relate to how financial statements are prepared, Consumer Credit Protection refers to laws aimed at protecting consumers in credit transactions, and the Truth in Lending Act is focused on disclosure of borrowing costs but does not specifically address the safeguarding of personal data in the same manner as the Safeguards Rule.