The Gramm-Leach-Bliley Act repealed the prohibition of any one institution from offering investment, commercial banking, and insurance services. It also included three key rules that affect personal privacy: financial privacy rule, safeguards rule, and pretexting rule.

Question

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The Gramm-Leach-Bliley Act did repeal the prohibition and also included the financial privacy rule, safeguards rule, and pretexting rule to protect personal privacy.

The Gramm-Leach-Bliley Act Repealed the Prohibition of Any One Institution