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cgod · 3285 days ago · link · · parent · post: Dream of New Kind of Credit Union Is Extinguished by Bureaucracy
Innovative banking products are often used to fuck people over. Regulators need to be cautious. Maybe these guys should have gotten a traditional credit union established first. After they had shown that they could competently established a viable union they could have started innovating. I'm sure we aren't getting the full regulatory story.