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The rise of imitation banks may lead to regulatory scrutiny
Nonbanks that refer to "deposits" and "APY" interest payments are drawing scrutiny from regulators, and some observers say Congress needs to clarify what nonbanks can say about their interest-bearing offerings.
United states
Jeff sigmund
Ian katz
Todd philips
Martin gruenberg
Department of justice
American banker association
George washington university law school
Florida office of financial regulation
Deposit insurance corp
Banc real estate holdings
Compound banc
Federal deposit insurance corp
Steagall act
Financial regulation
Russell weigel
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