Gramm-Leach-Bliley Act/Definition: Difference between revisions
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imported>Russell D. Jones (corrections) |
imported>Russell D. Jones (collated information from another banking page) |
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A 1999 law that repealed two provisions of the [[Glass-Steagall Act]] of 1932, and let banks, insurers, and securities traders combine their activities; it also | A 1999 U.S. law that repealed two provisions of the [[Glass-Steagall Act]] of 1932, and let banks, insurers, and securities traders combine their activities; it also introduced other changes to U.S. banking law including privacy requirements and expansions to the Federal Home Loan Bank System. | ||
Latest revision as of 17:36, 22 June 2010
A 1999 U.S. law that repealed two provisions of the Glass-Steagall Act of 1932, and let banks, insurers, and securities traders combine their activities; it also introduced other changes to U.S. banking law including privacy requirements and expansions to the Federal Home Loan Bank System.