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Mortgage Terms

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Question:

A federal statute that repealed both parts of the Glass-Stegall Act prohibiting combinations among banking, securities, and insurance companies, as well as related conflict-of-interest provisions for such companies’ officers, directors, and employees. The Act also regulates the collection, disclosure, use, and protection of consumers’ nonpublic personal information.

Author: Memorable Ladybug



Answer:

Gramm-Leach-Bliley Act (GLB) 1999


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