Debanking isn't what is happening.

Originally posted by Boblin the Goblin:

Debanking isn't what is happening.

Close enough

Originally posted by Caravanserai:

Originally posted by Boblin the Goblin:

Debanking isn't what is happening.

Close enough

The executive order doesn't apply to "close enough".

I posted this in another thread:

"As a result, individuals, their businesses, and their families have been subjected to debanking on the basis of their political affiliations, religious beliefs or lawful business activities, and have suffered frozen payrolls, debt and crushing interest, and other significant harms to their livelihoods, reputations, and financial well-being."

"Sec. 2. Policy. It is the policy of the United States that no American should be denied access to financial services because of their constitutionally or statutorily protected beliefs, affiliations, or political views, and to ensure that politicized or unlawful debanking is not used as a tool to inhibit such beliefs, affiliations, or political views. Banking decisions must instead be made on the basis of individualized, objective, and risk-based analyses."

This EO has to do with banks not providing financial services to customers on the basis of political affiliation, religious beliefs or "lawful business activities".

No one on Steam is being denied financial services, because the banks are not denying you access to your account, or restricting/closing it. Payment Processors are also not the banks.

Wasn't that already against the law anyway? To discriminate based on racial, religious,, political, etc.

Conservatives ability to get banking loans don't seem to have anything to do with this issue.

Originally posted by xBCxRangers:

Conservatives ability to get banking loans don't seem to have anything to do with this issue.

It's not just banking loans, it's all banking services.

However, some users (not you this time) seem to not know the difference between a bank and a payment processor. Banks do not process payments.

People don't seem to realize that Visa and Mastercard are payment networks not payment processors. Not that it changes anything in relation to it referring only to banks... however could a lawyer argue that a payment network must be in compliance with this order in order for deplatforming not to happen.

Originally posted by Draug:

People don't seem to realize that Visa and Mastercard are payment networks not payment processors. Not that it changes anything in relation to it referring only to banks... however could a lawyer argue that a payment network must be in compliance with this order in order for deplatforming not to happen.

That's a nice distinction that I didn't know, I appreciate that insight. But yes, neither of them are banks and the EO is related to banks.

Originally posted by Draug:

People don't seem to realize that Visa and Mastercard are payment networks not payment processors. Not that it changes anything in relation to it referring only to banks... however could a lawyer argue that a payment network must be in compliance with this order in order for deplatforming not to happen.

A Lawyer can argue that pi is 3.2 .

that is to stop companies from boycotting israel because of their genocide on palestine people.

Trump is a villain, not a hero.

Originally posted by datCookie:

Originally posted by xBCxRangers:

Conservatives ability to get banking loans don't seem to have anything to do with this issue.

It's not just banking loans, it's all banking services.

However, some users (not you this time) seem to not know the difference between a bank and a payment processor. Banks do not process payments.

I understand the difference. However, this is the first OFFICIAL ACT from anyone that we've seen. Just that fact alone gives me hope. Usually legislators and politicians run and hide when this subject comes up.

This isn't "total victory" with Duke Nukem standing on the corpse of Mastercard and waving a Call of Duty flag, but it's still a step forward.

Originally posted by Start_Running:

Wasn't that already against the law anyway? To discriminate based on racial, religious,, political, etc.

But now we're going to do it harder.

Unfortunately this is retlation from Trump because multiple banks stopped offering him service after he got convicted on 34 counts of financial fraud and his own tax people said you can't trust his numbers.

It has no impact on Visa/MC, nor does it have any impact on Steam

Originally posted by tom:

Usually legislators and politicians run and hide when this subject comes up.

Has nothing to do with this subject. This is retaliation for when banks reject Trump, Alex Jones, and the like for their illegal actions. Now they will claim political persecution and try to say its illegal even though they were rejected for their illegal actions, not their politics.

Originally posted by tom:

Originally posted by datCookie:

It's not just banking loans, it's all banking services.

However, some users (not you this time) seem to not know the difference between a bank and a payment processor. Banks do not process payments.

I understand the difference. However, this is the first OFFICIAL ACT from anyone that we've seen. Just that fact alone gives me hope. Usually legislators and politicians run and hide when this subject comes up.

This isn't "total victory" with Duke Nukem standing on the corpse of Mastercard and waving a Call of Duty flag, but it's still a step forward.

If the bill passes, I don't know if there's any guarantee that the de-listed games will return. It may stop any further action from the payment networks, however.

Time will tell.