Word: senterfitt
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Dates: during 1980-1989
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...automakers' financial forays have alarmed traditional bankers, who complain that they are unfairly hobbled by federal laws and regulations. For example, the law generally restricts interstate branching by banks. But nonbank competitors, such as GM and Ford, can offer loans anywhere they please. Says Donald Senterfitt, president of the American Bankers Association: "We are living in a financial-services world that is half slave and half free, and the banks are the slaves." His solution: speed up banking deregulation...