Statements (61)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:United_States_federal_law
|
| gptkbp:affects |
financial institutions
|
| gptkbp:alsoKnownAs |
gptkb:Financial_Services_Modernization_Act_of_1999
gptkb:GLBA |
| gptkbp:appliesTo |
banks
credit unions debt collectors payday lenders insurance companies accountants financial advisors couriers non-bank financial institutions third-party service providers travel agencies investment companies appraisers auto dealers check-cashing businesses credit counselors data processors insurance agencies loan brokers mortgage lenders non-bank lenders real estate settlement service providers security firms tax return preparers wire transferors |
| gptkbp:citation |
gptkb:15_U.S.C._§_6801_et_seq.
|
| gptkbp:criticizedFor |
contributing to the 2007–2008 financial crisis
|
| gptkbp:enactedBy |
gptkb:United_States_Congress
|
| gptkbp:enforcedBy |
gptkb:Federal_Trade_Commission
gptkb:Securities_and_Exchange_Commission federal banking agencies |
| https://www.w3.org/2000/01/rdf-schema#label |
Gramm–Leach–Bliley Act
|
| gptkbp:impact |
enabled formation of financial holding companies
increased competition among financial services companies |
| gptkbp:namedAfter |
gptkb:Jim_Leach
gptkb:Phil_Gramm gptkb:Thomas_J._Bliley,_Jr. |
| gptkbp:publicLawNumber |
gptkb:Public_Law_106-102
|
| gptkbp:purpose |
allow commercial banks, investment banks, securities firms, and insurance companies to consolidate
repeal part of the Glass–Steagall Act regulate the collection, disclosure, and protection of consumers' nonpublic personal information |
| gptkbp:relatedTo |
gptkb:Bank_Holding_Company_Act
gptkb:Sarbanes–Oxley_Act gptkb:Dodd–Frank_Wall_Street_Reform_and_Consumer_Protection_Act gptkb:Glass–Steagall_Act |
| gptkbp:repealedBy |
gptkb:Glass–Steagall_Act_Section_20
gptkb:Glass–Steagall_Act_Section_32 |
| gptkbp:requires |
financial institutions to safeguard sensitive data
financial institutions to explain their information-sharing practices to their customers |
| gptkbp:section |
gptkb:Safeguards_Rule
gptkb:Financial_Privacy_Rule gptkb:Pretexting_Provisions |
| gptkbp:signedBy |
gptkb:Bill_Clinton
November 12, 1999 |
| gptkbp:title |
An Act to enhance competition in the financial services industry by providing a prudential framework for the affiliation of banks, securities firms, and other financial service providers, and for other purposes.
|
| gptkbp:bfsParent |
gptkb:Sarbanes–Oxley_Act
|
| gptkbp:bfsLayer |
4
|