ICBA Raises Questions on Amazon-Megabank Discussions

Mar 07, 2018
ICBA raised questions about discussions between Amazon and big banks to offer a checking-account-like product through the online retailer.

In an American Banker article, ICBA President and CEO Cam Fine asked how far the deposit-insurance safety net should spread.

“If Amazon got in trouble, what happens to the deposits?” Fine asked. “I think this poses yet another challenge to the insured depository system.”

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