iBank operates exclusively on the Web with no physical branch offices. Although some of iBanks business is

Question:

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

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Law Today The Essentials

ISBN: 978-0324786156

9th Edition

Authors: Roger LeRoy Miller, Gaylord A. Jentz

Question Posted: