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Competitive Equality in Banking Act

Competitive Equality in Banking Act is the legislation that authorized recapitalization of the Federal Savings and Loan Insurance Corporation to deal more effectively with failing savings and loan associations, required banks to provide more information to their customers on when credit is given for deposited funds and placed a moratorium on the creation of nonbank banks and the offering of insurance, securities, and real estate services by commercial banks operating inside the United States.

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