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by bobthepanda
2683 days ago
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The hammer swings down fast in some cases. Look at Robin Hood's checking account debacle. The SEC, FDIC and SPIC do not play around. The problem is where regulations are enforced. At state level results may vary. At local level very few jurisdictions can out-battle a company with millions or billions in VC funding. Uber blocked local regulators in Portland from blocking rides: https://www.reuters.com/article/us-uber-portland/portland-pr... |
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