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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