NODE e1e89619Re: The Bank of the Internet!?
lefty@apple.com (Lefty)Mon, 11 Oct 93 16:09:51 PDT
Harry S. Hawk writes:
>
>I don't, however, see how any of this could impact a simple credit
>union type bank opperated over the Internet.
I would be surprised to discover that running a bank "over the Internet"
didn't stand a fair chance of running afoul of interstate banking laws...
--
Lefty (lefty@apple.com)
C:.M:.C:., D:.O:.D:.
NODE 7f399ff7Re: The Bank of the Internet!?
cman@IO.COM (Douglas Barnes)Mon, 11 Oct 93 16:29:50 PDT
>
> Harry S. Hawk writes:
> >
> >I don't, however, see how any of this could impact a simple credit
> >union type bank opperated over the Internet.
>
> I would be surprised to discover that running a bank "over the Internet"
> didn't stand a fair chance of running afoul of interstate banking laws...
>
1) It's a Credit Union, not a bank.
2) The field of membership for the individual CUs would be restricted
to a local area.
--
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