Question

Financial Service of 1999 (Also known as Gramm-Leach-Bliley Act)

Which Act is also known as the Gramm-Leach-Bliley Act of 1999?
A) The Glass-Steagall Act
B) The Dodd-Frank Act
C) The Sarbanes-Oxley Act
D) The Bank Holding Company Act

Answer 1

The Gramm-Leach-Bliley Act of 1999 is also known as the Financial Services Modernization Act.

Step-by-step explanation:

The Act that is also known as the Gramm-Leach-Bliley Act of 1999 is the Financial Services Modernization Act. It is also referred to as the GLBA or simply the Gramm-Leach-Bliley Act. This Act was enacted on November 12, 1999, and it repealed certain provisions of the Glass-Steagall Act of 1933, which had previously separated commercial banking, investment banking, and insurance activities.