The Treasury Department's recent proposal to incorporate a federal preemption rule in the interstate branching bill is long overdue.

Speaking as a former state banking regulator, this is an about-face by Treasury. What is most significant is the indication that Treasury is willing to support the establishment in law of a formal preemption process.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.