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Why did new technology make it harder to enforce limitations on bank branching?
Wiki User
∙ 11y ago
Banks can operate electronically anywhere and at anytime when people want etc.
- Branch banking restrictions exist because if there are any banking problems, its easier to know where the problem has occured because there are laws that prevent banks from operating outside of certain states in the US.
- ATM machines are not technically and operating branch, so this loophole enables banks to use their services outside of the state.
Wiki User
∙ 11y ago
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