Wednesday, 25 November 2015

US credit union regulator crushed Internet Archive's non-predatory, game-changing bank

founding-Internet-Credit-Union

The Internet Archive's Brewster Kahle writes, "We founded a credit union to build a new path after the banking debacle of 2008 and it's been crushed by federal regulators. The regulators close 200-300 credit unions every year, and have been since their founding of the NCUA in 1970. Only a couple are allowed to start each year. We were one of four in our year." (more…)

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