Question: iBank operates exclusively on the Web with no physical branch offices. Although some of iBanks business is transacted with smart-card technology, most of its business

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?

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