| ▲ | grishka 7 hours ago | |||||||
My intuition is that it should only apply to businesses that have a physical presence, or need it to do their job. So, for banks, that would be only those with branches. We also have one of those online-only banks (T-Bank, ex Tinkoff), it's overwhelmingly popular among us millennials, but older people use something else. | ||||||||
| ▲ | john_strinlai 7 hours ago | parent [-] | |||||||
that leaves a pretty big loophole, though. if i am a smaller bank that has 5-20 branches, it might just be in my best interest (profit) to just go online-only instead of implement whatever the regulations deem necessary. (keeping in mind that this regulation applies to all industries, so the above example of closing all physical operations because the regulations make it more profitable to now be online-only, so that the regulations dont apply, repeats in all industries) | ||||||||
| ||||||||