Which of the following is a provision of the Gramm-Leach-Bliley Act?

The correct choice is focused on the requirement that financial institutions obtain consent from consumers before sharing their personal information. This provision is essential in protecting consumer privacy and ensuring individuals have control over their personal financial information. The Gramm-Leach-Bliley Act, enacted in 1999, aims to enhance consumer privacy while allowing for the merging of banking, securities, and insurance companies.

Requiring consent means that consumers are informed about their information being shared and must agree to this sharing, which aligns with the legislation's goal of safeguarding personal data from unauthorized access. This aspect helps to build trust between consumers and financial institutions, ensuring that customers are aware of how their data is used.

Other options do not accurately represent the key provisions of the Gramm-Leach-Bliley Act, as they may misinterpret the intentions behind customer data sharing and privacy regulations. The act specifically emphasizes consumer consent and transparency in information sharing rather than outright forbidding access to data or obligating consumers to provide personal information indiscriminately.