Advanta Corp., the credit card lender that shut down its small-business accounts in May, has been ordered by regulators to restrict activities and submit a plan that may halt some banking operations.

Advanta must give the Federal Deposit Insurance Corp. a plan that "provides for the termination of the bank's deposit-taking operations and deposit insurance after the bank's deposits are repaid in full," according to a federal filing submitted Wednesday by the Spring House, Pa., company.

The process could take several years and Advanta is allowed to submit a plan that will allow those operations to continue during that period, the filing said. Customer accounts remain fully insured and the company's ability to service its managed credit card accounts and receivables isn't affected, the filing said.

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