One mitigation that would partially alleviate the pain of capricious and often politically-motivated debanking (such as the multiple instances of JPM and conservative-leaning organizations) would be a full 'number portability' requirement akin to telephone numbers. Switch banks, and all of your automated transactions, from direct deposit…
One mitigation that would partially alleviate the pain of capricious and often politically-motivated debanking (such as the multiple instances of JPM and conservative-leaning organizations) would be a full 'number portability' requirement akin to telephone numbers. Switch banks, and all of your automated transactions, from direct deposits to recurring payments would simply be rerouted. Of course we'd need significantly better security to avoid being scammed.
One mitigation that would partially alleviate the pain of capricious and often politically-motivated debanking (such as the multiple instances of JPM and conservative-leaning organizations) would be a full 'number portability' requirement akin to telephone numbers. Switch banks, and all of your automated transactions, from direct deposits to recurring payments would simply be rerouted. Of course we'd need significantly better security to avoid being scammed.