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Document Type

Note

Publication Date

6-1994

Publication Citation

46 Federal Communications Law Journal 521 (1994)

Abstract

The recent proliferation of computer and telecommunications technologies have dramatically changed the banking industry's business sector. While this modernization has allowed banks to increase their efficiency and service, banking regulations have not kept pace. Telecommunications companies, armed with new FCC regulations encouraging increased competition, have eagerly taken this opportunity to expand their business offerings into the financial services sector. In this Note, the Author examines the telecommunications services presently provided by banks and the present regulatory structure that prevents further bank entry into the telecommunications sector. The Author concludes that banking regulations should be changed to allow banks to enter the telecommunications field, and that existing telecommunications regulations can accommodate the entry of the new market participants.

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