Monday, April 28, 2014

Chase closing accounts of porn stars: Report


 Link to OP: http://www.cnbc.com/id/101616944



Chase Bank is closing the accounts of hundreds of people who work in the adult industry, according to multiple reports
Celebrity blogger Perez Hilton posted images of the letters reportedly sent to stars in the adult industry informing them of the account closings. Hilton reported that the accounts would be closed on May 11, 2014.

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Adult industry publication XBIZ also reported on the account closings,  including an interview with one of the women whose account is slated for termination, porn star Teagan Presley.
XBIZ reported that they had not been able to reach Chase for comment.

TMZ.com reported Friday that Chase had closed the account of porn star Layton Benton, who told the site that Chase said her account was "a risk." Citing sources, the site reported that Chase is targeting specific types of transactions such as deposits from webcam shows.
JPMorgan Chase faced a lawsuit last year from the founder of soft porn studio MRG Entertainment that alleged the bank violated fair lending laws for refusing to underwrite a loan on the grounds of "moral reasons."
The outcome of the case was not clear Saturday.



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