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What about BancList indicates that the field is over-regulated

• saagarjha 7y ago
  The fact that it's called "BancList"?
  • eridius 7y ago
    That just indicates that it's regulated. Where's the "over" part? Personally, it sounds like a rather good idea to have regulation over who's allowed to use the word "bank", given the assumptions that the general public will make about anything with "bank" in the name.
    • mdpopescu 7y ago
      What stops the general public from making the same assumptions about anything with "banc" in the name?
      • eridius 7y ago
        Probably the same thing that stops them from assuming that anything with "spank" in the name is a reputable financial institution.
  • laughinghan 7y ago
    In one system, thousands of people are scammed out of millions of dollars every year. In the other system, a company that is not a bank was forced to avoid the word "bank" in their name. This sounds like two reasons the second system is better, to me at least?
  • throwaway2048 7y ago
    Can't see much of an issue with random businesses not being able to call themselves "Bank" personally.
  • microwavecamera 7y ago
    Would you also agree that any random company should be able to label themselves a hospital, pharmacy or university? If not, then there's your answer.