Final answer:
The Gramm-Leach-Bliley Act (GLBA) is a law that regulates the financial industry in the United States. It allows different types of financial institutions to merge and offer a wider range of services. The GLBA also includes provisions to protect consumer privacy.
Step-by-step explanation:
The Gramm-Leach-Bliley Act (GLBA) is a law that was passed in 1999 to regulate the financial industry in the United States. It is also known as the Financial Modernization Act. The GLBA removed barriers between different types of financial institutions, such as banks, insurance companies, and securities firms, allowing them to merge and offer a wider range of services to customers.
One interesting article I found on the GLBA is titled 'The Impact of the Gramm-Leach-Bliley Act on the Financial Industry.' It discusses the effects of the act and how it has changed the landscape of the financial industry. Another interesting article is titled 'Protecting Consumer Privacy: The Gramm-Leach-Bliley Act.' It focuses on the privacy provisions of the GLBA and how they affect consumers.