GLB stands for which Act?

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Multiple Choice

GLB stands for which Act?

Explanation:
GLB stands for the Gramm-Leach-Bliley Act. This U.S. federal law, passed in 1999 and named after Senators Gramm, Leach, and Bliley, revamped financial services by allowing banks, securities firms, and insurers to affiliate, while also establishing protections for consumers’ private financial information. The official title uses the hyphenated surnames of the three sponsors, so Gramm-Leach-Bliley Act is the standard form. Other spellings or omissions don’t reflect the actual statute.

GLB stands for the Gramm-Leach-Bliley Act. This U.S. federal law, passed in 1999 and named after Senators Gramm, Leach, and Bliley, revamped financial services by allowing banks, securities firms, and insurers to affiliate, while also establishing protections for consumers’ private financial information. The official title uses the hyphenated surnames of the three sponsors, so Gramm-Leach-Bliley Act is the standard form. Other spellings or omissions don’t reflect the actual statute.

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