Financial Services Modernization Act Analysis

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Recommended: Internet controlled by government

" The Government-federal, state, and local-have the duty to monitor internet to a moderate extent in the U.S. because there is no law regulating to visualize other people's personal content or data. There are even protection laws that citizens use to advertise certain contents on the internet including other people's private email accounts. Additionally, The Federal Trade Commission Act is a protection law that avoids unfair practices in data security policies. In the source it states, ""The Federal Trade Commission Act is a federal consumer protection law that prohibits unfair or deceptive practices and has been applied to offline and online privacy and data security policies. The FTC has brought many enforcement actions against companies failing to comply with posted privacy policies and for the unauthorized disclosure of personal data. This is explaining the role of the law and there is no law that intentionally regulates viewing …show more content…

In the source it states, ""The Financial Services Modernization Act regulates the collection, use and disclosure of financial information. It can apply broadly to financial institutions such as banks, securities firms and insurance companies, and to other businesses that provide financial services and products. GLB limits the disclosure of non-public personal information, and in some cases requires financial institutions to provide notice of their privacy practices and an opportunity for data subjects to opt out of having their information shared."" This is proving the strength and protection the law has on the U.S. and it's people information to be disclosed and spread to marketers. Laws like these can protect people from exposing crucial and important information from another citizen and is perfectly safe with it's law protecting the

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