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Does the pretext act of 1984 allow private investigators to pre-text financial institutions for confidential consumer data?

  1. True

  2. False

  3. Only for public information

  4. Only with consent

The correct answer is: False

The correct answer, which states that private investigators are not allowed to pretext financial institutions for confidential consumer data, aligns with the protections established under the pretexting provisions of privacy legislation. The pretext Act of 1984 specifically prohibits individuals and entities from obtaining confidential consumer information from financial institutions through deceitful practices. This legislation aims to protect personal privacy and ensures that consumer data remains confidential and secure. The focus is on the idea that private investigators must adhere to the legal boundaries set forth by regulations governing the handling and disclosure of consumer information. This reflects a broader commitment to maintaining the integrity of personal data and to upholding consumer rights within financial contexts. As a result, obtaining such information through pretexting would be considered unlawful.