Senate Proposes Fair Access to Banking Act to Curb Payment Processor Censorship
By
boastful_inaba
An everything bagel for the brain. Substantive, layered, well-seasoned.
Summary
The article discusses how payment processors, by threatening to withdraw services, have forced the removal of legal products like mature video games from digital storefronts, giving unelected executives significant control over commerce and expression. The Senate has proposed the Fair Access to Banking Act (S.401) to address this issue, aiming to protect a marketplace free from payment processor censorship.
Key quotes
· 4 pulledThe companies that process your credit card payments are becoming the new arbiters of what you can see and buy.
By threatening to withdraw their services, these financial behemoths have forced the removal of hundreds of legal products, including mature video games, from well-known digital storefronts.
This gives a few unelected executives in a boardroom immense control over free commerce and expression.
The Senate has proposed the Fair Access to Banking Act (S.401) to address this issue.
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