In 1999, the ___________________ is a law that came into being to repeal existing laws so that banks, investment companies, and

Question

aniked [119]

3 years ago

10

In 1999, the ___________________ is a law that came into being to repeal existing laws so that banks, investment companies, and

other financial services companies could merge.

Law

1 answer:

Airida [17] · Answer 1 · 2021-12-21T05:09:34+03:00

Answer:

The Gramm-Leach-Bliley Act (GLB)

Explanation:

The Gramm–Leach–Bliley Act (GLB) is a law that came into being to repeal existing laws so that banks, investment companies, and other financial services companies could merge. It was enacted in November 1999 by the 106th Congress of the United States.

This law is applicable to the entire insurance agents, brokers, and financial institutions and it highlights the rules around the privacy of information these agencies obtain from customers.