Disucssion:
Hypothetical Question with Sample Answer. First Internet Bank operates exclusively on the Web with no physical branch offices. Although some of First Internet's business is transacted with smart-card technology, most of its business with its customers is conducted through the mail. First Internet offers free checking, no-fee money market accounts, mortgage refinancing, and other services. With what regulation covering banks might First Internet find it difficult to comply, and what is the difficulty?