2/15/26, 3:20 PM WGU C961 Laws
WGU C961 Laws PRACTICE EXAM QUESTIONS 2026-2027
NEWEST EXAM | ALL QUESTIONS AND CORRECT ANSWERS
WITH EXPLANATIONS | GRADED A+ | VERIFIED ANSWERS |
JUST RELEASED
Fair Credit Reporting Act (1970)
regulates the operations of credit reporting bureaus, including how they
collect, store, and use credit information.
Right to Financial Privacy Act (1978)
protects the records of financial institution customers from unauthorized
scrutiny by the federal government
Gramm-Leach-Bliley Act (1999)
allows business combinations (e.g. mergers) between commercial banks,
investment banks, and insurance companies, and thus permits these
institutions to compete in markets that prior regulations prohibited them
from entering.
/ 1/13
, 2/15/26, 3:20 PM WGU C961 Laws
Fair and Accurate Credit Transactions Act (2003)
It allows consumers to request and obtain a free credit report once
each year from each of the three primary consumer credit reporting
companies (Equifax, Experian, and TransUnion).
Health Insurance Portability and Accountability Act (HIPAA)
was designed to improve the portability and continuity of health insurance
coverage; to reduce fraud, waste, and abuse in health insurance and
healthcare delivery; and to simplify the administration of health insurance.
Family Educational Rights and Privacy Act (FERPA)
Is a federal law that assigns certain rights to parents regarding their
children's educational records
/ 2/13
WGU C961 Laws PRACTICE EXAM QUESTIONS 2026-2027
NEWEST EXAM | ALL QUESTIONS AND CORRECT ANSWERS
WITH EXPLANATIONS | GRADED A+ | VERIFIED ANSWERS |
JUST RELEASED
Fair Credit Reporting Act (1970)
regulates the operations of credit reporting bureaus, including how they
collect, store, and use credit information.
Right to Financial Privacy Act (1978)
protects the records of financial institution customers from unauthorized
scrutiny by the federal government
Gramm-Leach-Bliley Act (1999)
allows business combinations (e.g. mergers) between commercial banks,
investment banks, and insurance companies, and thus permits these
institutions to compete in markets that prior regulations prohibited them
from entering.
/ 1/13
, 2/15/26, 3:20 PM WGU C961 Laws
Fair and Accurate Credit Transactions Act (2003)
It allows consumers to request and obtain a free credit report once
each year from each of the three primary consumer credit reporting
companies (Equifax, Experian, and TransUnion).
Health Insurance Portability and Accountability Act (HIPAA)
was designed to improve the portability and continuity of health insurance
coverage; to reduce fraud, waste, and abuse in health insurance and
healthcare delivery; and to simplify the administration of health insurance.
Family Educational Rights and Privacy Act (FERPA)
Is a federal law that assigns certain rights to parents regarding their
children's educational records
/ 2/13
