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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 It was repealed in 1766.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 The Act was largely repealed in 1999 with the Gramm-Leach-Bliley Act, which allowed banks to consolidate and engage in both commercial and investment banking activities again.


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


What was the Financial Services Modernization Act?

The Financial Services Modernization Act, signed into law by President Bill Clinton in late 1999, removed many of the restrictions on the banking and securities institutions imposed in the 1920s and 1930s.