Which act is designed to protect a borrower's privacy?

The Gramm-Leach-Bliley Act is primarily focused on protecting consumers' personal financial information held by financial institutions. This act mandates that financial institutions establish privacy policies and practices that govern how they handle the private information of their customers. It requires these institutions to provide customers with clear notices about their information-sharing practices and gives consumers the right to opt-out of having their information shared with non-affiliated third parties.

This emphasis on consumer privacy and information protection sets the Gramm-Leach-Bliley Act apart as a key legislation in safeguarding a borrower's personal and financial data, ensuring that their privacy is respected in dealings with financial institutions.

While other acts also address various aspects of consumer protection in the financial realm, such as providing transparency in lending and preserving fair credit practices, the focus of the Gramm-Leach-Bliley Act is specifically on privacy and the management of personal information, making it the correct choice for this question.