Largest U.S. Bank Cuts Ties to Conservative Group, Canceling Donald Trump Jr. Event
The country's largest bank has cut ties with a Missouri conservative group, forcing an event that had been set to feature Donald Trump Jr. to be immediately canceled.
[....] Defense of Liberty founder Paul Curtman, a former GOP state representative, told the Missouri Independent that WePay informed him in a message that it would no longer do business with his group based on an alleged violation of terms of service and had refunded $30,000 in payments already processed for the event.
"It seems you're using WePay Payments for one or more of the activities prohibited by our terms of service," the message reportedly states. "More specifically: Per our terms of service, we are unable to process for hate, violence, racial intolerance, terrorism, the financial exploitation of a crime, or items or activities that encourage, promote, facilitate, or instruct others regarding the same."
Maybe Trump Jr and Defense of Liberty political action committee should not promote such things?
Or . . . maybe those things are their core message, and appeal to their base.
(Score: 2, Insightful) by Anonymous Coward on Friday November 19 2021, @08:46PM (2 children)
You have that backwards: The more people that use the banking system for everything, the harder it becomes not to use it, and thus the more devastating unbanking someone becomes. That is a much more effective deterrent to dissent than any law could ever be. That the banks get to collect transaction fees for everything is just gravy.
(Score: 0) by Anonymous Coward on Saturday November 20 2021, @02:50AM (1 child)
(Score: 2, Informative) by Anonymous Coward on Saturday November 20 2021, @10:18PM
And when the banks won't process your bill payments because you are deemed a criminal? Unbanking is more than not having an account, it means being cut off from society economically. Any product or service whose seller doesn't accept cash, and any job that doesn't pay in cash, become unattainable.