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> and now I'm wondering what awful shit is hiding in it. Had to look into it a bit. From looking at the text of the bill, it looks like the sponsor did not li
by AdmiralAsshat 1y ago
> and now I'm wondering what awful shit is hiding in it.
Had to look into it a bit.
From looking at the text of the bill, it looks like the sponsor did not like Operation Choke Point [0], which was specifically targeting banks that did business with Payday Lenders, Ponzi Schemes, and other shady vendors.
This also included pornography, but I'm willing to bet that's not what Sen. Cramer was upset about. More likely, he's simply serving the interest of his donors.
He also might have extremist "small business" constituents that are perhaps selling racist/sexist/homophobic merch, and they don't like being told that their bank/credit card processors are refusing to process payments on that swag.
[0] https://en.wikipedia.org/wiki/Operation_Choke_Point https://en.wikipedia.org/wiki/Operation_Choke_Point
- vdqtp3 1y agoThat's disingenuous. There were plenty of legit business types included also. Directly from your link: ammunition sales ATM operators cable box de-scramblers coin dealers credit card schemes credit repair services dating services debt consolidation scams drug paraphernalia escort services firearms sales fireworks sales get rich products government grants home-based charities lifetime guarantees lifetime memberships lottery sales mailing lists/personal info money transfer networks online gambling pawn shops payday loans pharmaceutical sales Ponzi schemes pornography[5] pyramid-type sales racist materials surveillance equipment telemarketing tobacco sales travel clubs