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Announcement: https://www.whitehouse.gov/presidential-actions/2025/08/guaranteeing-fair-banking-for-all-americans/ https://www.whitehouse.gov/presidential-actio
by andsoitis 1y ago
Announcement: https://www.whitehouse.gov/presidential-actions/2025/08/guaranteeing-fair-banking-for-all-americans/ https://www.whitehouse.gov/presidential-actions/2025/08/guar...
Seems like a good idea. I do wonder whether or how this will impact credit card companies who refuse to do business with certain categories of businesses who they consider too unsavory such as described in this recent story: https://www.theguardian.com/world/2025/jul/29/mastercard-visa-backlash-adult-games-removed-online-stores-steam-itchio-ntwnfb https://www.theguardian.com/world/2025/jul/29/mastercard-vis...
- bigyabai 1y agoThis probably won't move the needle on that. Mastercard and Visa's assessments were risk-based and entirely apolitical, even if widely disagreeable (and imo against constitutional rights). Their fight will be settled separately, and I'm not holding out much hope for the right-wing willpower to defend incest video games. It wouldn't surprise me if the suggested remediation from this admin was to use crypto instead.
- g42gregory 1y ago> Mastercard and Visa's assessments were risk-based and entirely apolitical Any support for this assertion?
- MrBuddyCasino 1y agoYeah I don’t think this is accurate. The credit card companies do what the banks want, and the banks do what the government wants. If they can make a dollar legally they‘d prefer to.