On the recordJuly 13, 2009
What has happened, Senator, and that question is a very good one, is that many nonbanking institutions have, in effect, invoked the shield by aligning themselves with national banks.
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congress.govWhat has happened, Senator, and that question is a very good one, is that many nonbanking institutions have, in effect, invoked the shield by aligning themselves with national banks.
Blumenthal discusses nonbanking institutions using national banks to evade state regulations.
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