From: cman@IO.COM (Douglas Barnes)
Date: Mon, 11 Oct 93 16:29:50 PDT
To: lefty@apple.com (Lefty)
Subject: Re: The Bank of the Internet!?
In-Reply-To: <9310112247.AA09195@internal.apple.com>
Message-ID: <9310112326.AA02036@illuminati.IO.COM>
MIME-Version: 1.0
Content-Type: text/plain


> 
> 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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