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The "Public Interest" And Bank And Savings And Loan Expansion In Virginia, David Parcell, Richard D. Rogers Jan 1977

The "Public Interest" And Bank And Savings And Loan Expansion In Virginia, David Parcell, Richard D. Rogers

University of Richmond Law Review

In the past, two phrases have been the subject of much evidence and legal argument in proceedings before the Virginia State Corporation Commission (SCC). The two phrases are public need and public convenience and necessity. Application of these two phrases has controlled the formation of new financial institutions and the expansion of existing ones. In 1976, the Virginia General Assembly eliminated in part these two phrases and in their place substituted a single phrase- public interest


Equal Credit Opportunity Act Amendments Of 1976, Judith B. Henry Jan 1977

Equal Credit Opportunity Act Amendments Of 1976, Judith B. Henry

University of Richmond Law Review

It would be difficult to exaggerate the role of credit in today's society. But for the availability of credit, it would be impossible for most Americans to obtain an education, purchase a car, own a home, or start a business. Because of the increasing popularity of credit cards, credit is relied on daily in consumer transactions. Yet a number of persons have been unable to obtain credit, not because of an inability to repay, but because of their membership in a particular class.