The fact that banks can be either nationally or state chartered creates:

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The fact that banks can be either nationally or state chartered creates regulatory competition. This means that different regulatory bodies (e.g. the Federal Reserve or state banking boards) compete to attract banks to their jurisdiction by offering more favorable regulations or lower fees. This can lead to differences in regulations between states and a lighter regulatory burden for nationally chartered banks. However, it does not necessarily result in unregulated banks or the ability for banks to escape regulation in multiple states.

The Fact That Banks Can Be Either Nationally or State