Their mandate includes protecting the consumer from “unfair, deceptive, or abusive acts or practices” and ensuring that markets for consumer financial products are fair, transparent, and competitive. It’s not much of a stretch to say that suddenly and opaquely depriving people of their bank accounts, without any recourse, qualifies as a violation.
> The whining about "debanking" was in reference to crypto companies that were being tied to illegal transactions, and Jan 6 insurrectionists.
And Only Fans content creators, and gun shop owners, and payday loan vendors, and ordinary people who were paid in crypto, and oil and gas companies, and tobacco/vape sellers, and right-wing political organizations, and LGBTQ+ and reproductive rights organizations, and and and. Your attempt to reinforce this as a partisan issue is denied.
Given the importance of banking in this society, it should be regulated as public infrastructure, which comes with rules around transparency and fairness.
> The whining about "debanking" was in reference to crypto companies that were being tied to illegal transactions, and Jan 6 insurrectionists.
And Only Fans content creators, and gun shop owners, and payday loan vendors, and ordinary people who were paid in crypto, and oil and gas companies, and tobacco/vape sellers, and right-wing political organizations, and LGBTQ+ and reproductive rights organizations, and and and. Your attempt to reinforce this as a partisan issue is denied.
Given the importance of banking in this society, it should be regulated as public infrastructure, which comes with rules around transparency and fairness.