The proposal, released earlier this year, sparked alarm in the banking industry over the prospect of competition against massive companies that could leverage their huge customer bases and guaranteed consumer traffic to gain meaningful toeholds in banking.
source https://www.seattletimes.com/business/fdic-eases-path-for-amazon-and-facebook-to-become-lenders/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_technology
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