WebThe Gramm-Leach-Bliley Act Made Simple - YouTube 0:00 / 15:28 The Gramm-Leach-Bliley Act Made Simple 7,064 views Apr 2, 2024 60 Dislike Share Save TrainingABC … WebThe GLBA is also known as the Financial Services Modernization Act of 1999. Privacy pros zero in on Title V, Subtitle A of the GLBA (15 U.S.C. 6801 et seq). Title V boldly …
Privacy of Consumer Financial Information - Gramm-Leach-Bliley Act …
WebApr 4, 2024 · The Gramm–Leach–Bliley Act ( GLBA ), also known as the Financial Services Modernization Act of 1999, (Pub.L. 106–102, 113 Stat. 1338, enacted November 12, 1999) is an act of the 106th United States Congress (1999–2001). It repealed part of the Glass–Steagall Act of 1933, removing barriers in the market among banking companies ... WebJun 22, 2024 · The Glass-Steagall Act is a 1933 law that separated investment banking from retail banking. 1 Investment banks organized the initial sales of stocks, called an initial public offering. They facilitated mergers and acquisitions. Many of them operated their own hedge funds. Retail banks took deposits, managed checking accounts, and made loans. lithonia eregytwpsqm12
Gramm-Leach-Bliley Act Federal Trade Commission
WebThis part, which implements sections 501 and 505 (b) (2) of the Gramm-Leach-Bliley Act, sets forth standards for developing, implementing, and maintaining reasonable administrative, technical, and physical safeguards to protect the security, confidentiality, and integrity of customer information. ( b) Scope. Many of the largest banks, brokerages, and insurance companies desired the Act at the time. The justification was that individuals usually put more money into investments when the economy is doing well, but they put most of their money into savings accounts when the economy turns bad. With the new Act, they would be able to do both 'savings' and 'investment' at the same financial institution, which would be able to do well in both good and bad economic times. WebTitle V, subtitle A, of this Act (15 U.S.C. § 6801 et seq.) requires the FTC, along with the Federal banking agencies and other regulators, to issue regulations ensuring that … lithonia esl4