. How does the FTC interpret the term "financial institution" with respect to enforcement of Gramm-Leach-Bliley Act ("GLBA")? e A bank operating in the United States. A business that is significantly engaged in financial activities. A lender regulated by federal and state banking laws. Any business whose main purpose is to lend money and extend credit.

icon
Related questions
Question

please choose the most correct anwser.

18. How does the FTC interpret the term "financial institution" with respect to enforcement of
the Gramm-Leach-Bliley Act ("GLBA")?
A. A bank operating in the United States.
B. A business that is significantly engaged in financial activities.
C. A lender regulated by federal and state banking laws.
D. Any business whose main purpose is to lend money and extend credit.
Transcribed Image Text:18. How does the FTC interpret the term "financial institution" with respect to enforcement of the Gramm-Leach-Bliley Act ("GLBA")? A. A bank operating in the United States. B. A business that is significantly engaged in financial activities. C. A lender regulated by federal and state banking laws. D. Any business whose main purpose is to lend money and extend credit.
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer