Instead, it’s a targeted effort to shut down as many as 30 separate industries by making it impossible for them to access banking services.
In a Wall Street Journal op-ed Thursday, American Bankers Association CEO Frank Keating wrote that the Justice Department is “telling bankers to behave like policemen and judges.”
In a Wall Street Journal op-ed Thursday, American Bankers Association CEO Frank Keating wrote that the Justice Department is “telling bankers to behave like policemen and judges.”
OK.... so the porn industry is just one of the 30 different sectors. I wonder which are the remaining industries.
Precious Metals?
I've been contacted by two banks in the last few months and informed of their decision to close my company account with them.
The bank doesn't say why they are closing the account. They say they don't have to tell me why, and that if I closed the account I wouldn't have to tell them why either.
Or maybe they looked over at me in the locker room and assumed I am a porn star?
the porn industry is just one of the 30 different sectors. I wonder which are the remaining industries.
from....http://www.fdic.gov/regulations/examinations/supervisory/insights/sisum11/managing.html
Some merchant categories that have been associated with high-risk activity include, but are not limited to:
Ammunition Sales
Cable Box De-scramblers
Coin Dealers
Credit Card Schemes
Credit Repair Services
Dating Services
Debt Consolidation Scams
Drug Paraphernalia
Escort Services
Firearms Sales
Fireworks Sales
Get Rich Products
Government Grants
Home-Based Charities
Life-Time Guarantees
Life-Time Memberships
Lottery Sales
Mailing Lists/Personal Info
Money Transfer Networks
On-line Gambling
PayDay Loans
Pharmaceutical Sales
Ponzi Schemes
Pornography
Pyramid-Type Sales
Racist Materials
Surveillance Equipment
Telemarketing
Tobacco Sales
Travel Clubs
Can't trust anyone these days. 
