The Riegle-Neal Act of 1994
A)specifically allows banks to establish de novo branches in new states.
B)effectively stopped full interstate branching within the U.S.
C)is given credit for initiating a wave of bank mergers across the U.S.
D)allowed foreign banks to acquire U.S.banks.

Question

Quizplus · Accepted Answer

The Riegle-Neal Act of 1994 is credited with initiating a wave of bank mergers across the U.S. by allowing interstate banking and branching, which facilitated consolidation in the banking industry.