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Excerpt from Practical Guidance

Expert Analysis

Regulators Are Revamping Use Of Bank Service Company Act

By James Bergin and Paul Lim ( August 28, 2024, 2:12 PM EDT) -- This article examines the curious late life of an old law, the Bank Service Company Act,[1] how it has been used by federal banking regulators over time and some recent developments. We will look at potentially evolving applications of the statute and offer practical guidance for both banks and service providers on this old but still vigorous law....

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