Gramm–Leach–Bliley (GLBA) Act -
Gramm–Leach–Bliley (GLBA) Act
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A law passed in 1999 that eased the strict governmental barriers between financial institutions. Banks, insurance companies, and credit providers were severely limited in the services they could provide and the information they could share with each other. GLBA somewhat relaxed the regulations concerning the services each organization could provide.
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