"Ferguson wrote: 'Full participation in commerce and public life necessarily requires that law-abiding individuals can access, and freely participate in, our financial system.'"
"The warning signals that actions inconsistent with stated terms or reasonable expectations could trigger investigations or enforcement measures."
"Ferguson stressed: 'It is inconsistent with American values to deny law-abiding individuals the ability to run their legitimate businesses and feed their families because they attracted the ire of rogue Americans.'"
Federal regulators are focusing on access to financial services, particularly scrutinizing practices of payment giants like Paypal, Stripe, Visa, and Mastercard. Warning letters from FTC Chairman Andrew N. Ferguson address compliance with the FTC Act and customer access issues. The scrutiny includes whether restrictions on users align with contractual obligations and consumer expectations, especially in cases where services were denied based on political or religious beliefs. The letters indicate that inconsistent actions could lead to investigations or enforcement measures.
Read at news.bitcoin.com
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