May 14, 2020
McFadden Act
McFadden Act
Interpreting the McFadden Act: The Politics and Economics of Shared ATMs and Discount Brokerage HousesDonald C. Langevoort, 41(4): 1265–80 (Aug. 1986)
The limits on bank branching imposed by the McFadden Act pose interesting issues of statutory interpretation in an era of radical marketplace change. This Article explores two current controversies—shared automatic teller machines and discount brokerage offices—and suggests appropriate judicial approaches to resolving them.