2001 – October
Your Privacy is Important to Us? (click to download PDF)
In 1999, Congress allowed large financial corporations – banks, brokerage firms and insurance companies – to merge when it passed the Financial Modernization Act, otherwise known as the Gramm-Leach-Bliley Act (GLBA). Throughout the debate on this legislation, consumer advocates worried that the law included too few protections to restrict corporate use of personal financial information.
