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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The Trump administration has pledged $15 billion to support U.S. farmers before the midterm elections.
Trump's tariffs are being scrutinized for their economic impact, with claims of unintended consequences.
Trump defended his tariff policies during a rally while announcing that Audi will build a new plant in the U.S.
Trump defended his tariff policies during a rally, highlighting a new Audi plant in the U.S.