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> people excluded from the banking system has been addressed by statutory regulation

I wonder if the effort behind this is a Baptist and Bootleggers moment. Surely some maybe most want to solve something that they see as a societal problem, others see opportunity a la payday lenders, and others see an opportunity for social control. Maybe the people who see not-banking as a social problem also want to use the end result to "nudge" participants in the right direction.



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