McFadden Act

DEFINITION of ‘McFadden Act’ The McFadden Act is Federal legislation that gave individual states the authority to govern bank branches located within the state. This includes branches of national banks […]


DEFINITION of ‘Smishing’ The use of SMS (short messaging services) technology to phish for individuals’ sensitive personal information, such as Social Security numbers or user names and passwords for online […]

Spousal IRA

DEFINITION of ‘Spousal IRA’ A spousal IRA is a type of individual retirement account that allows a working spouse to contribute to a nonworking spouse’s retirement savings. This creates an […]