glamtotal.blogg.se - Victoria 2 file exception 662

As a result of the financial failures of the Great Depression, Congress in 1933 passed the Glass-Steagall Act prohibiting national and state banks from affiliating with securities companies. The history of the GLBA has its roots in the separation of banks, brokerage companies, and insurance companies.

Title V of the GLBA (sections with financial privacy and pretexting protections).

Third, they must give consumers the option to opt-out of some sharing of personal financial information. Second, they must advise you of their policies on sharing of personal financial information. Because of these risks, the GLBA included three simple requirements to protect the personal data of individuals: First, banks, brokerage companies, and insurance companies must securely store personal financial information. Once these companies merge, however, they would have the ability to consolidate, analyze and sell the personal details of their customers' lives. Prior to GLBA, the insurance company that maintained your health records was distinct from the bank that mortgaged your house and the stockbroker that traded your stocks.

The removal of these regulations, however, raised significant risks that these new financial institutions would have access to an incredible amount of personal information, with no restrictions upon its use. The GLBA primarily sought to "modernize" financial services-that is, end regulations that prevented the merger of banks, stock brokerage companies, and insurance companies. Additionally, the GLBA codifies protections against pretexting, the practice of obtaining personal information through false pretenses. The Gramm-Leach-Bliley Act (GLBA), which is also known as the Financial Services Modernization Act of 1999, provides limited privacy protections against the sale of your private financial information. Information that many would consider private-including bank balances and account numbers-is regularly bought and sold by banks, credit card companies, and other financial institutions. Outside the Beltway, it is not well known that a Victoria's Secret catalog was responsible for a key aspect of the Gramm-Leach-Bliley Act.

Victoria's Secret and Financial Privacy.

What you Can Do to Protect Your Privacy |.