0
Wiki User
∙ 13y agobecause the state only has a limited ability to directly regulate the lending practices of a national bank. If the terms on Credit Card A issued from National Bank B are legal in South Dakota or Utah or Delaware, that card can be marketed in any state of the Union with the terms from the state of incorporation of the bank that issued the card. All the banks clock to those three states because lending laws in those states are favorable to the banks. And if Colorado doesn't like the loans that Bank B is making to the people of its fair state, there's not much they can do about it...
Add your answer:
Earn +20 pts
Why do democratic-republicans oppose the national bank?
Because they thought that creating a national bank run by the federal government, would give too much power to the federal government. Jeffersonian Republicans wanted states rights and they saw a creation of a national bank as unconstitutional.
Is the national bank and the second bank of the US the same?
The National Bank and the Second Bank of the United States are the same. The term national bank can refer to the Bank of North America as well as the First Bank of the United States.
What were Andrew Jackson views?
Andrew Jackson opposed the national bank because he believed it violated state sovereignty and threatened slavery. He vetoed a congressional bill to reauthorize the Second National Bank of the United States. He then proceeded to violate presidential power by taking the government's money out of the national bank and redistributing to state banks.
When was United States National Bank Building created?
United States National Bank Building was created in 1917.
When did Florida National Bank end?
United States National Bank ended in 2000.
What did john Adams think about the national bank?
He strongly supported the National bank, as he thought it would promote the American Economy and it could create a common currency among all states.
What did John Quincy Adams think about the national bank?
He strongly supported the National bank, as he thought it would promote the American Economy and it could create a common currency among all states.
Hamilton asked Congress to create a national bank named ....?
The Bank of the United States
How did hamiltons plan for a national bank states rights?
Hamilton suggested limiting it to a 20 year charter; then it would be up to Congress to decide whether to extend charter He also asked states to open their own banks so the national bank wouldn't have monopoly.
Where is Trustmark national Bank headquartered?
Trustmark National Bank is headquartered in Jackson, Mississippi, United States.
What are some of the alternatives to National City Bank?
Some big alternatives to National City Bank would have to be highly dependent on where you live. However if you live in the United States Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo are the four main banks.
When did the National Bank close in the 1800s?
== == The First Bank of the United States ceased operation in 1811. The Second bank of the United States ceased operation in 1836.
