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Originally Posted by pornlaw
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Yeah, I think that's kind of a reach, one step too far.
To me the most logical explanation is that DOJ instructed banks to look at 3rd party processors and the risky transactions/clients they serve (there are *plenty* of non-porn entities that are very sketchy in that regard, some listed in that article). The banks - some of which do have a history of shutting down accounts via moralizing - are using that as carte blanche to get rid of undesirables don't fit in with their board's "moral guidelines". This isn't Ashcroft or Meese's DOJ, these guys don't give a shit about porn, this one's on the banks.
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Originally Posted by Barry-xlovecam
Did you know that Wells Fargo charges 0.3% fee for all deposits over $7,500.00 a month on their checking accounts? That is what I recall reading in their terms the other day, [x] bye -- for Deposits .3%  |
Sure, I never said they won't try to wring every possible fee out of their customers, that's business as usual. I just know from firsthand experience they are comparatively tolerant of 'alternative lifestyles' and socially liberal relative to the other giant American banks. I'd even guess from what I've seen, that there's some kind of internal directive to strive for that, tho that's only semi-informed speculation on my part. Still I'd recommend them for people in our industry on that standpoint.