Gramm-Leach-Bliley Act/Definition

From Citizendium
< Gramm-Leach-Bliley Act
Revision as of 18:36, 22 June 2010 by imported>Russell D. Jones (collated information from another banking page)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search
This article is developing and not approved.
Main Article
Discussion
Related Articles  [?]
Bibliography  [?]
External Links  [?]
Citable Version  [?]
 
A definition or brief description of Gramm-Leach-Bliley Act.

A 1999 U.S. law that repealed two provisions of the Glass-Steagall Act of 1932, and let banks, insurers, and securities traders combine their activities; it also introduced other changes to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.