Nathan's Timeline

  • The first bank was established in the United States

  • The first mint in the United States opened in Philadelphia

  • the OCC is created to regulate national banks

  • The FDIC is created to regulate state non-member banks and state-chartered mutual savings banks

  • The Securities Act deprived bankers of their monopoly on information due to the disclosure on statements of publicly held corporations

  • The Bank of America issues the first credit card

  • The first successful ATM installed in the USA

  • Money can now be transferred electronically across computer terminals

  • Home Mortgage Disclosure Act encouraged banks and S$Ls to lend mortgage money in low-income areas

  • First National City Bank changes its name to Citibank

  • Debit cards are introduced

  • Ability to electronically pay your bills online

  • Contactless payment cards and “fobs” are developed

  • The Card Act passed which provided consumers with a choice regarding overdraft protection

  • You can scan your fingerprint at the checkout stand to pay for items

  • Able to carry your credit cards electronically on your cell phone