The Financial Services Modernization Act

Question

Quizplus · Accepted Answer

The Financial Services Modernization Act, also known as Gramm-Leach-Bliley Act, includes provisions that allow banks to offer insurance and brokerage services (A), mandates that banks disclose their privacy policies to consumers (B), requires them to inform consumers of the option to "opt out" of having their confidential information released to other companies (C), and also requires banks to develop policies that will prevent unauthorized access to customers' confidential information (D). Therefore, all of the above options are correct.