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Banks and "loophole mining"

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

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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.