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8/8/2025, 9:06:03 PM
>>103261293
>The problem with that EO is that "payment processing" is just one part of a digital transaction in a payment network
Good thing it calls out almost every part of the financial system in that order while defining it's scope then.
>The term “politicized or unlawful debanking” refers to an act by a bank, savings association, credit union, or other financial services provider to directly or indirectly adversely restrict access to, or adversely modify the conditions of, accounts, loans, or other banking products or financial services of any customer or potential customer on the basis of the customer’s or potential customer’s political or religious beliefs, or on the basis of the customer’s or potential customer’s lawful business activities that the financial service provider disagrees with or disfavors for political reasons.
>The problem with that EO is that "payment processing" is just one part of a digital transaction in a payment network
Good thing it calls out almost every part of the financial system in that order while defining it's scope then.
>The term “politicized or unlawful debanking” refers to an act by a bank, savings association, credit union, or other financial services provider to directly or indirectly adversely restrict access to, or adversely modify the conditions of, accounts, loans, or other banking products or financial services of any customer or potential customer on the basis of the customer’s or potential customer’s political or religious beliefs, or on the basis of the customer’s or potential customer’s lawful business activities that the financial service provider disagrees with or disfavors for political reasons.
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