Code of Federal Regulations · Section
§ 7.5003 — Composite Authority To Engage In Electronic Activities
12 C.F.R. § 7.5003
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Unless otherwise prohibited by Federal law, a national bank may engage in an electronic activity that is comprised of several component activities if each of the component activities is itself part of or incidental to the business of banking or is otherwise permissible under Federal law.
Authorizing Statute
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Office of the Comptroller of the Currency12 U.S.C. § 1