Which of the following is false?
A) The Gramm-Leach-Bliley Act (GLBA) authorized virtually nationwide branching.
B) The Gramm-Leach-Bliley Act (GLBA) authorized the creation of financial holding companies.
C) To become a financial holding company, a bank holding company must file a declaration with the Fed that all of their depository institution subsidiaries are well capitalized and well managed and in compliance with the Community Reinvestment Act.
D) The Fed has ultimate regulatory responsibility for financial holding companies.
Correct Answer:
Verified
Q101: The original purpose of the Community Reinvestment
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Q103: Which statute initiated risk-based deposit premiums?
A)the Financial
Q104: Which act increased the capital that S&Ls
Q105: Which of the following is false?
A)The failure
Q107: The Gramm-Leach-Bliley Act (GLBA) authorized
A)bank holding companies
Q108: The Emergency Economic Stabilization Act of 2008
Q109: Which of the following is false?
A)The Emergency
Q110: According to the text, some of the
Q111: According to the text, some of the
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