The law shaped the structure of U.S. banking for decades by restricting national-bank branch expansion and deferring to state branching rules, influencing regional banking competition and consolidation.
On 1927-02-25 President Coolidge signed the McFadden Act, amending national-banking law to restrict interstate branching by national banks and to align national banks' branching rights with those of state-chartered banks.
The law shaped the structure of U.S. banking for decades by restricting national-bank branch expansion and deferring to state branching rules, influencing regional banking competition and consolidation.
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A recent poll indicates that Trump's economic approval rating has reached a new low.
The European Parliament approved a trade deal aimed at reducing tariffs between the U.S. and Europe.
Trump issued a warning of potential tariffs on French wine in response to a digital services tax.
Trump threatens to impose 100% tariffs on French wine in response to a digital services tax.