Final answer:
The federal Privacy Act of 1974, along with other related federal laws, safeguards consumer privacy by regulating personal information disclosure and access.
Explanation:
In the context of protecting consumer privacy, the federal law that specifically addresses this issue is the Privacy Act of 1974. This legislation aims to safeguard personal information held by the federal government, granting individuals rights to access their files, correct erroneous information, and sue for unauthorized disclosure. Furthermore, the Fair Credit Reporting Act of 1970 and the Financial Services Modernization Act of 1999 are additional federal laws that contribute to protecting consumer privacy by regulating the handling of personal information by credit reporting agencies and financial institutions.
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