And not in a good way.
As has been reported they are closing the accounts of everyone that they can identify that is associated with porn.
In a word…YES…They can do that, really no there is nothing you can do.
All of that said I do think that there is an opportunity presenting itself here. You dont always have to win in a court of law to win in the court of public opinion. This has mainstream interest bursting out from all areas, a kind of David and Goliath story.
An enterprising organization like, say APAC might jump on this and file suit and ask a judge to declare it a class action. The suit will likely lose but the PR it would generate if handled properly might actually be a win. If The FSC had a brain in the entire organization they’d have already been on top of this….In between filing his bankruptcy and sleeping through FSC Meeting Jeffery Douglas should be able to get the suit filed….But they’d be the worst ones to do it.
APAC wouldn’t…..Performers actually advocating on behalf of themselves would be a great step forward.
Meantime Wells Fargo is reportedly ambivalent to how we make our money.
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JP Morgan Chase Fucking Porn Stars Can Porn Stars Fuck Back? http://t.co/assl7yMHJx
@MikeSouth1226 asking fans to close their accounts sounds like a good start @ChaseSupport
when you open an account with Chase, and virtually any bank, you sign a document that says you, or the bank can close this account at any time for any reason.
When you, as a customer walks into the bank and say I want to close my account you dont have to give a reason. And the bank has the same right, and you sign the paper acknowledging this. If you want to take away the banks right to close your account, should the bank have the same right to deny you the opportunity to close the account, I think not.
You signed the legal binding agreement.
People living in LA, should fuck banks all together and join First Entertainment Credit Union. All you need to join is 1 check from an entertainment company and $5. Best thing our company ever did. I wouldn’t flaunt what you do but they won’t close your accounts.
@Tokyo Boy thanks for letting us all know that.
I know quite a few dope sales guys that would love to move
some of that moola through that Entertainment credit union.
@jilted
Read the fine print…beyond the mandated fiduciary stuff while the account remains open…the bank reserves the right to close an account at any time they determine it is no longer in good standing.
The bank is only legally required to offer its services in a specific manor and has the right to protect it’s other depositors by closing any account they feel may or might jeopardize the institution.
Each day they still do hard copies of red sheets, which are habitual bouncers, suspected kiting and more..as to who they must open an account for..good luck.
A bank can automatically close your account for any reason on earth. Seriously. Read the agreement.
But, could a bank refuse to let you close your own account? Hmm.. they could always try to lock you into a term contract with withdrawal fees similar to cell phone companies… I think some actually do this already… then you’ve got the accounts where you’re required to maintain a balance of $10K or $20K to keep it open.
Fuck Chase. Do you really want them to handle your money anyway?
Bank of America is fucking useless as well….
Bank of America lets illegal aliens open bank accounts with them.
Fuck BOA too…
RT @MikeSouth1226: JP Morgan Chase Fucking Porn Stars Can Porn Stars Fuck Back? http://t.co/assl7yMHJx
RT @MikeSouth1226: JP Morgan Chase Fucking Porn Stars Can Porn Stars Fuck Back? http://t.co/assl7yMHJx
@MikeSouth1226 Any other adult companies had HSBC withdraw all banking facilities citing “economic, risk & regulatory impacts”?
Dude this is just fucking horrible news man
I think (assuming the accusations are true, I have to think they are if they really closed over 100 porn performer accounts at once like one article said) that a bank closing accounts on moral grounds is ridiculous. I say take Tokyo Boy’s advice, open an account with a credit union that you are within the eligibility rules for and get an ATM card for when you need to get money and are out of your home area (I am biased, I was a compliance officer for a couple of credit unions before retiring but I still think that is good advice from my experience).
@lacey
Banks can refuse to open an account for any financial reason they deem to be a risk. Number one is being on the red sheet. (Chexsystem)
IG daughter’s old bf overdrew his Chase business account but she was signer and we had to repay the 230.00 bucks before Huntington would issue an account even after doing a consumer complaint because she agreed only to be an authorized signer not a co-depositor. It took six months to get a refund and her name out of check systems even with a copy of the depositor agreement that they never bothered to check before entering her as a deadbeat.
As a retail bank branch manager I used to shut accounts down all the time…at BayBank we even shut down a huge ass retailer that routinely deposited over 500k a week cash because their chargeback rate went up 2%. The business was 100% on the up & up as a three day clothing retailer selling close outs at up to 70% off, used armored carriers for p/u & delivery of deposit bags to night box. Eight months later at Shawmut I shut them down again because their chargeback went over limit three times by 5% or more in a month.
Some Business accounts used to have requirement of cross guarantee by owner with a MMDA (Money Market Demand Account) if they wanted a loan…and the best part to court these customers who would leave 10% of a loan in a MMDA the business lenders used to bring back “entertainment” reimbursements for $200 for my signature until the day I went along to lunch and was assumed to be the entertainment…then got huffy and made them go to Brockton for signatures 🙂
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This is very true- I’ve been with Chase for years and the first thing I was told was not to ever let them know what I do. Regions is the same way