Riegle-Neal Act Enables Nationwide Bank Consolidation, Mortgage Market Transformation
President Clinton signs the Riegle-Neal Interstate Banking and Branching Efficiency Act, removing Depression-era restrictions that prevented banks from operating across state lines. The law enables massive consolidation in the banking industry, with the number of commercial banks declining from over …
President Bill Clinton
Senator Donald Riegle
Representative Stephen Neal
American Bankers Association
NationsBank
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banking-deregulation
housing-policy
consolidation
regulatory-capture
housing
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