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

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hundredpercent said:
It's not about the banking, it's about the payment networks. An Islamic bank is not magically immune from credit card blacklists.
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Like I said. A half baked idea. It that the Islamic world has the numbers to compete with woke. So anything meant to serve Muslims (like banking) might be big enough to serve as an alternative to paypal. Beyond that I know jack shit.
 
hundredpercent said:
There are Islamic banks that "don't" charge interest. Hawala is a value transfer system, not a bank.
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Money transfer is one aspect of the general class of activities considered "banking." Any descriptions of the general concept of "Islamic banking" discuss it.
 
AnOminous said:
Money transfer is one aspect of the general class of activities considered "banking." Any descriptions of the general concept of "Islamic banking" discuss it.
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Hawala isn't done by banks (and these days, heavily regulated). The UX is basically the same as heading over to your local Western Union branch; much worse than cards.

Inasmuch as Islamic banks can process cards, they are beholden to the same regulations as everyone else.
 
Is there any update on whats going on here? The guy who made this stepped down as CEO of Binance but just tweeted about it on the 27th.

https://twitter.com/BrianBrooksUS/status/1431349036615880705
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Are we still waiting on if they're gonna do something? Tf is going on?
 
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Dell Conagher said:
I thought the jews anudda shoah'd that rule? did anything happen with it
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The most recent document I could find about this that would actually be informative is this

https://www.everycrsreport.com/file..._95c4ec9ec9a99bfd007b8b57b09e9d037bbce0fa.pdf

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So I guess we're just waiting to see what happens. Government is slow as fuck so I'm not surprised. It got placed on hold last January so now we just have to see. If im being honest here though I doubt anything will come of it. Either Brian will "kill himself" with 3 gunshots to the back of his head, or the banks will just deny this. Here's hoping though.
 
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I'm skeptical of this story but an American covid-19 guy and all of his employees, their relatives and their offspring got booted from JPMorgan Chase:
(a)

Once again there are reasons to debank them and reasons why the bank can't tell them why they're being debanked. the crazy part is the blacklist goes all the down to the people's children.

Maybe it's because of Covid-19 shit maybe its because the company is running a vitamin scam. but its a wide reaching unbankening.
 
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