In 1999, the law repealed existing laws so that banks, investment companies, and other financial services companies could merge. It also required privacy protections for consumer information. The Health Insurance Portability and Accountability Act (HIPAA) The Gramm-Leach-Bliley Act (GLBA) The Federal Information Security Management Act (FISMA) The Sarbanes-Oxley (SOX) Act

The correct answer is letter "B": The Gramm-Leach-Bliley Act (GLBA).

Explanation:

The Gramm-Leach-Bliley Act (GLBA) is a regulation passed by the U.S. Congress in 1999 aiming to update the financial industry. The GLBA targeted mainly to allow banks and financial institutions to join forces through mergers, dismissing the Glass-Steagall Act of 1933 created to avoid bank mergers after the crisis of 1929.  

The GLBA also mandated that financial institutions must provide their clients with the option to allow third parties to have access to their sensitive information -name and bank accounts- or not.

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