Which legislation is designed to protect an individual's confidential information?

The Gramm-Leach-Bliley Act is designed to protect an individual's confidential information, particularly in the financial services industry. This legislation mandates that financial institutions must establish privacy policies and practices that safeguard consumers' personal financial information. It requires these institutions to provide clear information about their data-sharing practices and gives consumers the right to opt out of certain types of information sharing with non-affiliated third parties.

The focus of the Act is on ensuring that consumers' financial details are not disclosed without their consent, thereby promoting consumer confidence in the financial system. This is particularly important because individuals often share sensitive information with lenders and financial institutions, and the safety of this data is paramount in maintaining trust.

In contrast, the other pieces of legislation mentioned serve different purposes. Truth in Lending primarily addresses the disclosure of credit terms and costs to borrowers, while the Real Estate Settlement Procedures Act focuses on transparency in the real estate settlement process. The Homeowner's Protection Act deals with private mortgage insurance and does not specifically target the protection of personal information.