Community Credit

Maureen Kilkenny

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: In 1999 Congress passed the most significant banking legislation in 66 years. The Gramm-Leach-Bliley Financial Services Modernization Act (FSMA) repealed the 1933 Glass-Steagall Act to legalize the affiliation of commercial banks, investment firms and insurance companies. Now bank offices can operate like financial department stores to supply credit, loans, mortgages, insurance, debt and equity capital to their communities. These papers on how Gramm-Leach-Bliley might affect community credit were presented at the 47th Annual North American Meetings of the Regional Science Association International (RSAI) in Chicago in November 2000.

Date: 2002-07-01
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Published in International Regional Science Review, July 2002, vol. 25 no. 3, pp. 247-251

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