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This sounds like it's related to Operation Choke Point. Basically, the DOJ is looking into whether banks are ignoring high fraud industries, like payday lender
by vellum 12y ago
This sounds like it's related to Operation Choke Point. Basically, the DOJ is looking into whether banks are ignoring high fraud industries, like payday lenders. So the banks have been also preemptively purging all accounts that are porn related, since they have a high fraud rate.
https://news.ycombinator.com/item?id=7670838 https://news.ycombinator.com/item?id=7670838
http://www.washingtonpost.com/blogs/wonkblog/wp/2014/04/16/operation-choke-point-the-battle-over-financial-data-between-the-government-and-banks/ http://www.washingtonpost.com/blogs/wonkblog/wp/2014/04/16/o...