Explore BrainMass

Banks and "loophole mining"

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

Why do banks innovate around regulations by "loophole mining", and what are some examples?

© BrainMass Inc. brainmass.com December 20, 2018, 11:50 am ad1c9bdddf

Solution Preview

I have outlined a response for you. These terms can be used to further research the practices of loophole mining.

Banks innovate around loophole mining because with regulations there are few ways to gain and hold customers who can put money into more profitable assets than regular checking and savings accounts. These regular bank account types are allowed to pay only limited amounts of interests ...

Solution Summary

An explanation of what loophole mining is and how banks use it.