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What is the Gramm-Leach-Bliley Act (GLBA)?
By Josh Breaker-Rolfe on Tue, 06/27/2023
The Gramm-Leach Bliley Act (GLBA or GLB Act), or financial modernization act, is a bi-partisan federal regulation passed in 1999 to modernize the financial industry. It repealed vast swathes of the Glass-Steagall Act of 1933 and the Bank Holding Act of 1956, allowing commercial banks to offer financial services such as investments or insurance. It...