The Securities Industry Association today praised the
Gramm-Leach-Bliley Act for increasing the financial services and choices available to consumers, and offered suggestions for building upon the positive changes made possible by the act. In his testimony before a Senate Banking Committee hearing on “
An Examination of
the Gramm-Leach-Bliley Act Five Years After Its Passage, Steve Judge, SIA senior vice president, government affairs, said, “In spite of the tremendous challenges and changes of the last several years, consumers and financial services firms alike are better off as a result of the increased opportunities and choices that the GLBA made possible.” Judge told the committee that the securities industry was committed to working with investors and policy makers to find ways to expand and improve the impact of the GLBA.
