Statements (38)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:United_States_federal_law
|
| gptkbp:alsoKnownAs |
gptkb:Financial_Services_Modernization_Act_of_1999
gptkb:GLBA |
| gptkbp:appliesTo |
financial institutions
|
| gptkbp:codifiedIn |
gptkb:15_U.S.C._§§_6801–6809
|
| gptkbp:criticizedFor |
contributing to the 2007–2008 financial crisis
|
| gptkbp:enactedBy |
gptkb:United_States_Congress
|
| gptkbp:enforcedBy |
gptkb:Federal_Trade_Commission
federal banking agencies state insurance authorities |
| https://www.w3.org/2000/01/rdf-schema#label |
Gramm-Leach-Bliley Act
|
| gptkbp:impact |
enabled formation of financial holding companies
allowed banks, securities firms, and insurance companies to affiliate |
| gptkbp:privacyRequirement |
annual privacy notice to customers
opt-out right for consumers |
| gptkbp:publicLawNumber |
gptkb:Public_Law_106-102
|
| gptkbp:purpose |
protection of consumers' personal financial information
modernization of financial services regulation repeal of Glass-Steagall Act provisions |
| gptkbp:regulates |
bank holding companies
insurance companies securities firms |
| gptkbp:repealedProvisionOf |
gptkb:Glass-Steagall_Act
|
| gptkbp:requires |
financial institutions to safeguard sensitive data
financial institutions to explain information-sharing practices |
| gptkbp:section |
gptkb:Safeguards_Rule
gptkb:Financial_Privacy_Rule gptkb:Pretexting_Provisions |
| gptkbp:signedBy |
gptkb:Bill_Clinton
November 12, 1999 |
| gptkbp:sponsor |
gptkb:Jim_Leach
gptkb:Phil_Gramm gptkb:Thomas_J._Bliley,_Jr. |
| gptkbp:title |
An Act to enhance competition in the financial services industry by providing a prudential framework for the affiliation of banks, securities firms, insurance companies, and other financial service providers.
|
| gptkbp:website |
https://www.ftc.gov/business-guidance/privacy-security/gramm-leach-bliley-act
|
| gptkbp:bfsParent |
gptkb:Federal_Deposit_Insurance_Corporation
gptkb:Glass-Steagall_Act |
| gptkbp:bfsLayer |
3
|