Banks face stricter rules for a reason
The campaign points to the special role banks play in the economy and argues that privileges such as access to Federal Reserve borrowing, deposit insurance and a regulated banking framework come with limits on what activities banks may conduct.
Federal banking rules cited by the campaign
The reference page cites Title 12 of the Code of Federal Regulations and argues that non-banking activities must be closely related to banking. It also points to rules governing situations where a bank shares premises with another business.
Clear identification
The campaign cites 12 CFR § 7.3001(c)(1), which it interprets as requiring another business sharing bank space to be conspicuously, accurately and separately identified.
Arm's-length dealings
The campaign also cites § 7.3001(c)(3), which addresses arm's-length relationships when another business shares bank space.
New York law
The campaign argues that New York General Business Law §§ 349 and 350 give the New York Attorney General authority to act against deceptive practices or false advertising if officials conclude the relevant legal standards are met.