The growing similarity of products and services offered by savings and loan associations,mutual savings banks,credit unions,and commercial banks is primarily the result of

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The Depository Institutions Deregulation and Monetary Control Act of 1980 allowed savings and loan associations, mutual savings banks, and credit unions to offer many of the same products and services as commercial banks, resulting in a growing similarity between them. This act removed many of the restrictions on these institutions and allowed them to compete more freely with commercial banks.

The Growing Similarity of Products and Services Offered by Savings