The Bank of the Internet!?
Douglas Barnes
cman at IO.COM
Mon Oct 11 16:29:50 PDT 1993
>
> 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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Douglas Barnes cman at illuminati.io.com / \
Chief Wizard (512) 448-8950 (d), 447-7866 (v) / () \
Illuminati Online metaverse.io.com 7777 /______\
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