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ABA Won't Change Rules For Electronic Financial Services Delivery Yet

Too Soon for Electronic Rules It’s premature to recommend any specific changes in regulations, policies, guidance or any other aspect of supervision associated with the online delivery of financial services, ABA said in a comment letter to banking regulators. “The financial services industry has just begun to grapple with the many issues involved in providing products and services online, and changes
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Too Soon for Electronic Rules

It’s premature to recommend any specific changes in regulations, policies, guidance or any other aspect of supervision associated with the online delivery of financial services, ABA said in a comment letter to banking regulators. “The financial services industry has just begun to grapple with the many issues involved in providing products and services online, and changes are occurring rapidly,” ABA said.

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