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The Gramm-Leach-Bliley Financial Modernization Act is administered and enforced solely through two federal agencies: the SEC and FTC.
Gramm-Leach-Bliley Financial Modernization Act
A law enacted in 1999 that aims to regulate the collection, disclosure, and protection of consumers' personal financial information by financial institutions.
SEC
The U.S. Securities and Exchange Commission, a federal agency responsible for enforcing federal securities laws and regulating the securities industry.
FTC
The Federal Trade Commission, a U.S. federal agency tasked with protecting consumers and promoting competition.
- Grasp the significance of specific acts such as the Magnuson-Moss Act, Dodd-Frank Act, and Gramm-Leach-Bliley Act in consumer law.
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Learning Objectives
- Grasp the significance of specific acts such as the Magnuson-Moss Act, Dodd-Frank Act, and Gramm-Leach-Bliley Act in consumer law.
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