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Glossary Term: GRAMM-LEACH BLILEY ACT OF 1999 (GLBA)

Definition(s) for GRAMM-LEACH BLILEY ACT OF 1999 (GLBA):

1. ) refers to a major banking legislation designed to significantly enhance the powers and authority of financial institutions by allowing the formation of new financial holding companies. Financial holding companies are authorized to engage in underwriting and selling activities.


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