The purpose of the Gramm-Leach-Bliley Act is to:

The purpose of the Gramm-Leach-Bliley Act is to:



a. Rule that insurance transactions crossing state lines are interstate commerce

(b.) Allow financial entities to merge and accommodate greater competition

c. Regulate the way credit information is collected and used

d. Rule that insurance is primarily regulated on a state-level with minimal federal oversight



Answer: B

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