Is this email difficult to read? View it in a web browser. ›
The Wall Street Journal Pro The Wall Street Journal Pro
Central Banking Pro Central Banking Pro
 
FTC Issues Warnings to Payment Processors Against ‘Debanking’

  • The Federal Trade Commission warned Mastercard, Visa, PayPal, and Stripe against denying financial services based on political or religious views.
  • FTC Chair Andrew Ferguson cited President Trump’s August executive order on “debanking” in letters to the companies.
  • The FTC warned that denying access inconsistent with terms of service could lead to investigations and enforcement actions.

 
 

About Us

WSJ Pro Central Banking brings you news and analysis from a global team of reporters and editors at The Wall Street Journal and Dow Jones Newswires. Send your tips, suggestions and feedback to service@dowjones.com. An artificial-intelligence tool created these summaries, which are based on the text of the article and checked by an editor. Read more about how we use artificial intelligence in our journalism.
 
Desktop, tablet and mobile. Desktop, tablet and mobile. Access WSJ‌.com and our mobile apps. Subscribe