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The 1999 Financial Services Modernization Act a. removed all geographic restrictions to bank operations and branching; b. enabled banks and others to increase the consolidation

The 1999 Financial Services Modernization Act

a. removed all geographic restrictions to bank operations and branching; b. enabled banks and others to increase the consolidation of financial services; c. forced all financial institutions to improve their technological capabilities; d. allowed banks to ignore all usury laws within the states in which they operated.

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