Asked by Elizabeth McGee on May 20, 2024
Verified
As set forth in the text, what does the Financial Services Modernization Act, also known as the Gramm-Leach Bliley Act provide regarding financial institutions and customer privacy?
Financial Services Modernization Act
Legislation enacted in 1999, also known as the Gramm-Leach-Bliley Act, which allowed integration among banks, securities companies, and insurance companies.
Customer Privacy
The protection of personal information shared by customers with businesses, ensuring that it is not misused or disclosed without consent.
Financial Institutions
Organizations such as banks and credit unions that provide financial services including deposits, loans, and investments.
- Explore the responsibilities and rights pertaining to illicit electronic fund transfers.
Verified Answer
Learning Objectives
- Explore the responsibilities and rights pertaining to illicit electronic fund transfers.
Related questions
Is Ariel Correct That the Recurring Charge for the Yoga ...
Is the Bank Required to Stop Payment on the Internet ...
Electronic ________ Is a System in Which Funds Are Electronically ...
A Business Receiving Money by Electronic Transfer Is Known as ...
Which of the Following Is True Regarding Types of Electronic ...