Which act focuses on protecting consumer privacy and encourages uniform state licensing?

The Gramm-Leach-Bliley Act is primarily aimed at protecting consumer privacy in the financial sector. This federal legislation mandates that financial institutions establish privacy policies and practices to safeguard consumers' personal information. It requires companies to provide clear notices to consumers about their information-sharing practices and allows consumers to opt-out of having their information shared with non-affiliated third parties.

Additionally, the act encourages a uniform approach to state licensing in the insurance industry, supporting the concept of streamlined regulations across states. This is particularly beneficial for consumers and businesses as it reduces complexity and potential barriers when dealing with various state laws and regulations.

While the other acts mentioned also address consumer privacy and financial practices, they do not specifically focus on both consumer privacy protection and the encouragement of uniform state licensing in the same comprehensive manner as the Gramm-Leach-Bliley Act. For instance, the Fair Credit Reporting Act primarily deals with the accuracy and fairness of consumer credit reporting, and the Consumer Financial Protection Act focuses on consumer financial products and services without a specific emphasis on state licensing uniformity. The Insurance Information and Privacy Protection Act is more concerned with privacy in insurance-related contexts but does not broadly cover the same scope related to financial institutions.