Fair Access to Financial Services (OCC-2020-0042-0001)

[Not Really Here]

Happy birthday.
Remove the banking regulations that allow them to form effective cartels, and freeze out new entries into the market in anti-competitive ways that would otherwise violate the Sherman anti-trust act.

 

[Throwing Romans]

I wish I would've known about this proposal months ago. I'm going to circulate this in some circles that have been shoah'd from various payment processors.

 

[NOT Sword Fighter Super]

If Trump had ran on the things he actually did while in office instead of making promises to wignats about walls and deporting muslims he would have been one of the most uncontroversial and beloved presidents of all time. If he'd literally just said "I'll let the patriot act lapse but do nothing else," 99% of people would have voted for him.

Normies have no idea how much the Patriot Act has fucked them.

 

[Never Scored]

I should work like Canada. Banks and credit unions are not owned by the government, but they are federally regulated and everyone has the right to a personal bank account, and if they refuse you an account they have to tell you why in writing. We have this thing called an e-transfer where we can send money directly to someone else's account using an email or text message for like $1. That way, you don't have to suck Paypal's dick to send someone money and you don't need a payment processor to receive funds, just a bank account and an email address. Even businesses and restaurants and stuff take payment by e-transfer now. It's basically just an instant electronic cheque.

 

[good pussy]

this is good, thank you for bringing it to our attention
happy early birthday

 

[Prophetic Spirit]

Well, happy early b-day, Null; i'm technically American (only for sharing the same continent as you and probably the 80% of the entire userbase of this forum) but i can't do the thing you ask.
Anyway, this is good advice for people in your same country, and i wish luck for that.

 

[CreamyHerman’s]

Banks should be entirely nationalized but saying that too loud gets you shot.

Do you mean Nationalized as in the guv’ment should be in control or American Citizens should be in charge of banks and not do business with other nations and only with other American Citizens?

 

[RIP Tranch]

If you promise not to drag Visa & Mastercard dropping Pornhub into this. Gab getting burned for mean words on their site is insane, but every bank should block Rapehub from profitting off of videos that underage victims were begging them to take down.

 

[The Pink Panther]

I think the Jews should continue to be able to control the banks in tandem with the federal government without any regulation whatsoever. If we're going to be capitalistic, we might as well go laissez-faire, no exceptions.

My next proposal is to repeal the 13th and legalize slavery again.

 

[The Demon]

Yeah sure. Should we do physical mail?

 

[Null]

Yeah sure. Should we do physical mail?

If you'd like. They have an office in DC and accept walk in drop offs.

Mail: Chief Counsel’s Office,
Attention: Comment Processing, Office
of the Comptroller of the Currency, 400
7th Street SW, Suite 3E–218,
Washington, DC 20219.

• Hand Delivery/Courier: 400 7th
Street SW, Suite 3E–218, Washington,
DC 20219.

 

[Tumbo]

Happy Birthday Dear Leader and may you have many more.

 

[NoSpiceLife]

It's the 19th here, happy birthday Null.

 

[XMassAllYearRound]

The day banks get regulated will be the same day copyright law is reformed and Mickey Mouse becomes public domain.

 

[Hitman One]

Banks should be entirely nationalized but saying that too loud gets you shot.

Cool it with the anti-semitic rhetoric, buddy.

 

[The Pink Panther]

It's the 19th here, happy birthday Null.

Damn. Where do YOU live?

Space?

 

[Beavis]

What’s to stop banks and CC processors from just ignoring this and continue to do as they please if it passes?

 

[Shrekking Crew]

Done.
Happy early birthday!!

 

[Not Really Here]

What’s to stop banks and CC processors from just ignoring this and continue to do as they please if it passes?

That's a major problem with large organizations people can't seem to grasp. They ignore until the government tries to do something or they get a class action suit, then they lawfare as far as they can go while trying to get another regulation in some innocuous bill that exempts them.

 

[Null]

What’s to stop banks and CC processors from just ignoring this and continue to do as they please if it passes?

To address the concerns identified
above, the OCC is proposing a
regulation to clarify (1) the obligation of
large banks to provide fair access to
financial services, consistent with the
Dodd-Frank Act’s mandate 18 and (2) the
parameters of this requirement. Unlike
prior articulations of the fair access
principle discussed above, this OCC
action would have the force and effect
of law and enable the agency to take
supervisory or enforcement action,
when appropriate.19

19 See Notice of Proposed Rulemaking: ‘‘Role of
Supervisory Guidance,’’ 85 FR 70512 (Nov. 5, 2020)

https://www.federalregister.gov/documents/2020/11/05/2020-24484/role-of-supervisory-guidance

Mr. Comptroller says he has the power.