525
Visa, Mastercard, PayPal, Stripe warned of debanking consequences (www.bankingdive.com)
submitted 2 weeks ago by themachinestops@lemmy.dbzer0.com to c/technology@lemmy.world
77 comments fedilink hide all child comments

The CEOs of Visa, Mastercard, PayPal Holdings and Stripe received letters Thursday from Federal Trade Commission Chair Andrew Ferguson, who demanded they not discriminate against customers based on political or religious grounds.

The FTC threatened enforcement action if customers are denied services for those reasons.

Any act to “deplatform customers or deny them access to financial products or services” may violate the Federal Trade Commission Act and “could lead to an FTC investigation and potential enforcement action,” the agency said in a Thursday press release. The FTC didn’t cite any specific infractions by the companies.

The commission is typically made up of five members, but has just two at the moment. President Donald Trump last fired two of the Democrats who sat on the commission.

you are viewing a single comment's thread
view the rest of the comments
[-] Slashme@lemmy.world 8 points 2 weeks ago

Not "coming soon" - it's here. I made my first Wero payment this weekend.

[-] Amir@lemmy.ml 2 points 2 weeks ago

Oh shit nice! I'm Dutch so for me nothing changed, didn't know it was live

[-] Taalnazi@lemmy.world 1 points 2 weeks ago

iDEAL from what I know is basically Wero, just local. So you're already kind of using it, if you do so.

[-] Amir@lemmy.ml 1 points 2 weeks ago

I'm aware 🤣 that's why I didn't realize the rest of Europe could use it already

[-] Taalnazi@lemmy.world 1 points 2 weeks ago

Sadly so far only Belgium, Germany, and France. Why those already managed to put in Wero while the rest hasn't, is beyond me.

Are there actual, practical reasons? Or are other countries' governments being lobbied too hard to not put through with Wero?

this post was submitted on 29 Mar 2026
525 points (99.1% liked)

Technology

83799 readers
3248 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 2 years ago
MODERATORS
L3s@lemmy.world
enu@lemmy.world
technopagan@lemmy.world
L4s@lemmy.world
L3s@hackingne.ws