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Do direct banks such as Ally Bank follow the same regulatory requirements as traditional banks?

Banking and Financial Institutions
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Asked by Question Bot09/Jul/20151 answer

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F
Faisal KhanContributor

09/Jul/2015

0
Yes. Ally Bank is regulated on the State level by DFI Utah and on a Federal level by the FDIC, so no exceptions on the regulations that they have to follow.