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Volume: 4 Issue: 10
(October 2010)
Keywords:
lotteries
financial reform
banking
federal trade commission
pci
bank account
Authors:
agnes bundy scanlan
tina petruzziello
Organisations:
td bank
Jurisdictions:
us
Lotteries: The burden of chance: banking and state lotteries
In the aftermath of the financial crisis, banks and other financial institutions are increasingly looking into new ways of doing business. Bank account lotteries would seem to provide such an avenue, but they are currently forbidden in the US - one of the reasons being they are too risky. Agnes Bundy Scanlan and Tina Petruzziello, of TD Bank, explain the legal framework applicable to state lotteries.
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