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What regulation covering banks might first internet find

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Reference no: EM131660183

Question: Hypothetical Question with Sample Answer. First Internet Bank operates exclusively on the Web with no physical branch offices. Although some of First Internet's business is transacted with smart-card technology, most of its business with its customers is conducted through the mail. First Internet offers free checking, no-fee money market accounts, mortgage refinancing, and other services. With what regulation covering banks might First Internet find it difficult to comply, and what is the difficulty?

Reference no: EM131660183

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