The Gramm-Leach-Bliley Act requires consumers to be given what before their financial information is disclosed?

The Gramm-Leach-Bliley Act (GLBA) is a landmark piece of legislation that focuses on protecting consumers’ private financial information. A key provision of this law is that financial institutions must provide consumers with a clear and conspicuous notice of their privacy policies and practices. This notice must allow consumers a reasonable opportunity to opt out of having their information shared with non-affiliated third parties before such disclosures occur.

The term "reasonable opportunity" is essential as it recognizes that consumers should have adequate time to understand their rights regarding their financial information and the choice to protect their privacy. The legislation does not specify an exact time frame such as days or weeks; rather, it emphasizes the need for a fair chance for consumers to make informed decisions about their information.

By providing this opportunity, the GLBA aims to promote transparency and consumer trust in financial institutions, ensuring that individuals have control over their private data. Thus, the correct answer emphasizes the importance of consumer choice in preventing unwarranted disclosures of their personal financial information.