There are tons of different banks and credit unions as perfectly good options. There is a healthy and competitive market. The current system is a great way to c

There are tons of different banks and credit unions as perfectly good options. There is a healthy and competitive market. The current system is a great way to create jobs and keep product offerings competitive, which means efficiency for the consumer. Banking is an extremely important industry to society, so it makes sense that they would have a lot of power, and a lot of oversight.