What did the Financial Services Modernization Act of 1999 do?
What did the Financial Services Modernization Act of 1999 do? The Financial Services Modernization Act—or the Gramm-Leach-Bliley Act—is a law passed in 1999 that partially deregulates the financial industry. The law allowed banks, insurers, and securities firms to start offering each other’s products, as well as to affiliate with each Read more…