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Banking act to change loans on homes.

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13y ago

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What is thestamp act?

The Stamp Act 1765 was an act of British Parliament levying a tax on the American colonies by imposing a stamp duty on legal and commercial documents. It was repealed in 1766.


What is the financial services modernization act of 1999?

The US Financial Services Modernization Act of 1999, commonly called Gramm-Leach-Bliley


What Glass Act split commercial investment banks?

The Glass-Steagall Act, enacted in 1933 during the Great Depression, aimed to separate commercial banking from investment banking to reduce the risk of financial speculation and protect consumers. It prohibited commercial banks from engaging in investment activities, thereby preventing conflicts of interest and the excessive risk-taking that contributed to the 1929 stock market crash. The Act was largely repealed in 1999 with the Gramm-Leach-Bliley Act, which allowed banks to consolidate and engage in both commercial and investment banking activities again.


Is most closely related to the Glass-Steagall Act?

The Glass-Steagall Act, enacted in 1933, primarily aimed to separate commercial banking from investment banking to reduce risks and conflicts of interest in the financial system. Its most closely related legislation is the Gramm-Leach-Bliley Act of 1999, which effectively repealed key provisions of Glass-Steagall, allowing banks to re-enter investment banking and insurance activities. This repeal contributed to the financial practices that led to the 2008 financial crisis, highlighting the ongoing debate about the regulation of financial institutions.


What did the Gramm-Leach-Bliley Financial Services Modernization Act of 1999 do?

Gramm-Leach-Bliley Financial Services Modernization Act of 1999 has reduced or eliminated the need for many of the regulations on commercial banks and their activities and affiliations with investment banks and insurance companies by allowing competition