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Kennedy notes that after the 1933 Banking Act became law Roosevelt "claimed full credit, to the amusement or outrage of contemporary and hindsighted observers". [93] Roosevelt's concerns with the 1933 Banking Act were not tied to what later became known as the "Glass–Steagall" separation of investment and commercial banking.
The Stetson University College of Law (branded as Stetson Law) is the law school of Stetson University. The law school occupies a historic 1920s resort hotel, the Rolyat Hotel, designed by Richard Kiehnel. [5] The College of Law is accredited by the American Bar Association and has been a member of the Association of American Law Schools since ...
Sen. Carter Glass (D–Va.) and Rep. Henry B. Steagall (D–Ala.-3), the co-sponsors of the Glass–Steagall Act. The sponsors of both the Banking Act of 1933 and the Glass–Steagall Act of 1932 were southern Democrats: Senator Carter Glass of Virginia (who by 1932 had served in the House and the Senate, and as the Secretary of the Treasury); and Representative Henry B. Steagall of Alabama ...
The United States relies on state-level bank supervisors (or "state regulators", e.g. the New York State Department of Financial Services), and at the federal level on a number of agencies involved in the prudential supervision of credit institutions: for banks, the Federal Reserve, Office of the Comptroller of the Currency, and Federal Deposit ...
Signed into law by President Jimmy Carter on March 31, 1980 The Depository Institutions Deregulation and Monetary Control Act of 1980 ( H.R. 4986 , Pub. L. 96–221 ) (often abbreviated DIDMCA or MCA ) is a United States federal financial statute passed in 1980 and signed by President Jimmy Carter on March 31. [ 1 ]
The Equal Credit Opportunity Act (ECOA) of 1974, implemented by Regulation B, requires creditors which regularly extend credit to customers—including banks, retailers, finance companies, and bank-card companies—to evaluate candidates on creditworthiness alone, rather than other factors such as race, color, religion, national origin, or sex ...
The new state law , signed by Florida Gov. Ron DeSantis in May, declares it would be “unsafe and unsound” for banks to consider non-financial factors like politics, religion or environmental ...
A year before the law was passed, Citicorp, a commercial bank holding company, merged with the insurance company Travelers Group in 1998 to form the conglomerate Citigroup, a corporation combining banking, securities and insurance services under a house of brands that included Citibank, Smith Barney, Primerica, and Travelers.