Gramm-Leach-Bliley Act/Definition

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A 1999 U.S. law that repealed two provisions of the Glass-Steagall Act of 1932, and let banks, insurers, and securities traders combine their activities; it also introduced other changes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