The first regulatory concern that comes to mind is CRA, though most performance evaluations I have read for online-only banks operate under a CRA strategic plan. I would recommend reading the CRA performance evaluations from at least those online-only banks you can find that have your same regulator, as that will give you an idea of some of the things you should be doing or some of the challenges you might face.
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Adam Witmer, CRCM
All statements are my opinion, not those of my employer, and should not be taken as legal advice.
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