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US financial regulator proposes a new rule to end the policing of morality by denying banking services
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8th December 2020
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| See article from reason.com
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US moralist institutions, including the government, have found that a great way to censor people is to control their financial access. The best example is Operation Chokepoint , a Department of Justice (DOJ) effort that put pressure on the
banking system to cut off financial access for politically disfavored industries, such as sex work or porn production. Under the Obama administration, regulators such as the Federal Deposit Insurance Corporation (FDIC) and Office of the Comptroller
of the Currency (OCC) issued threatening letters to financial institutions that processed payments for industries such as payday lenders, gun and ammunition firms, and cryptocurrency companies. The message was clear: cut back on business with these
industries, or else. Banks got the hint, and affected firms found it harder and harder to find banking partners. Bullying banks into doing the government's dirty work was a quick and easy way to get the job done. Even better: it was an extralegal
method to get rid of businesses the feds didn't like too much anyway. But of course, if something works, then why not extend it to ever more pet peeves. For example, NY Gov. Andrew Cuomo directed his Department of Financial Services to issue
Operation Chokepoint-style warning letters to financial institutions which provided services to the National Rifle Association. Climate change activists have turned similar tactics towards banks who process payments for oil and gas companies . But
help may now be coming from some unexpected quarters: the OCC, which less than a decade ago had led the charge with Operation Chokepoint. Under the leadership of acting director Brian Brooks, the OCC has proposed a rule change that would make
government-supported financial suppression much harder legally. The Dodd-Frank Act was a sweeping financial reform that, among many other things , authorized the OCC to ensure that nationally chartered banks provide fair access to financial
services, and fair treatment of customers. The intention was that minority customers be evaluated for creditworthiness on her or her own individual merits rather than the attributes of their broader group. In other words, a creditworthy individual
shouldn't be punished because they belong to some group that is considered high risk in the aggregate. The OCC would like to apply this thinking to industries through the proposed Fair Access to Financial Services rule. The largest banks in the
country--those with more than $100 billion in assets--would be prohibited from red-lining politically disfavored industries just as they are prohibited from red-lining politically oppressed populations. Rather, a gun manufacturer or pornography company
or payday lender must be evaluated on the terms of their individual creditworthiness. The rule does not require that all large banks must do business with all, say, fossil fuel companies, just like banks are not required to extend credit to every
single member of a protected class who applies for a loan. Rather, it is a nondiscrimination requirement. Large banks will not be allowed to cut off financial access for disfavored industries just because the government or some other powerful group leans
on them to do so. See more details in article from reason.com |
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French porn producer Marc Dorcel will introduce an ethics charter for porn production
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| 19th November 2020
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| See article from ewn.co.za |
Major French porn producer Marc Dorcel has announced that it will develop the country's first-ever ethics charter for the industry. The charter will set out how to deal with issues of consent for sex, actors' physical and psychological health,
legal protection, human dignity, and distribution rights. The company said it had asked porn actress-turned producer Liza del Sierra to work on the issue with a sociologist and a lawyer who has defended porn stars in court. It is meant to
be drafted by the first quarter of next year and put to the industry as a whole for adoption. The move seem related to a rape investigation against porn website Jacquie and Michel, which bills itself as a hub for amateur porn videos. Other sites
are also under investigation. |
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One Million Moms takes issue with woke advertising for Oreos
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| 20th October 2020
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| See article from onemillionmoms.com
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The Christian moralist campaign group One Million Moms has taken issue with woke advertising for Oreo biscuits. The group writes: Oreo and parent company, Mondelez International, have begun airing a gay pride commercial which has
absolutely nothing to do with selling cookies. Mondelez International is attempting to normalize the LGBTQ lifestyle by using their commercials, such as the most recent Oreo ad featuring a lesbian couple, to brainwash children and adults alike by
desensitizing audiences. The ad has a daughter going home to see her family and brings her lesbian lover with her. The commercial focuses on the mother approving of her daughter's girlfriend, but the father is hesitant and has
reservations. He later has a change of heart and even displays his acceptance of her lifestyle by painting his picket fence in rainbow colors to further show his approval. The advertisement ends with: A loving world starts with a loving home. Followed
by: Show you're a proud parent #PROUDPARENT. And the final statement: In collaboration with PFLAG. Oreoproudparent.com. PFLAG is the United States' first and largest organization uniting parents, families, and allies with people
who are lesbian, gay, bisexual, transgender, and queer. PFLAG National is the national organization, which provides support to the PFLAG network of over 400 local chapters. Founded in New York City, New York, with their headquarters based in Washington,
D.C., PFLAG is the most visible group showing support for LGBTQ youth and acceptance of this lifestyle. When we purchase Mondelez International products then we are helping fund and support PFLAG. In 2011, the popular snack-food
company Nabisco became known as Mondelez International. Its most popular brands in the United States are Oreo, belVita, Chips Ahoy!, Cadbury Dairy Milk, Honey Maid, Halls, Philadelphia, Ritz, Sour Patch Kids, Triscuit, Trident gum, and Wheat Thins.
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