ING's "cafes" may be trying to avoid regulation

The Bay Citizen reports that the Internet banking giant, ING Direct USA, may be trying to bypass regulation by opening "cafes" instead of branches. By not offering deposits at the cafe, ING does not have to follow regulation that requires banks to lend money to low- and moderate-income borrowers in metropolitan areas.

ING claims the cafes are a marketing tool, and denies trying ot skirt the law.