The Financial Services Modernization Act

Question

Quizplus · Accepted Answer

The Financial Services Modernization Act, also known as Gramm-Leach-Bliley Act, includes all of the options listed. It allows banks to offer insurance and stock brokerage services, requires banks to disclose their privacy policies to consumers, requires banks to inform consumers how they can "opt out" of having their confidential information released to other companies, and mandates that banks develop policies that will prevent unauthorized access of customers' confidential information.