this post was submitted on 21 Nov 2024
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Asklemmy
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out of interest, whats the deal with banks needing to know where you sleep at night?
is it a serfdom thing?
or is it only in the case of eg. that being the place you hold a mortgage with them on?
The Patriot act required banks to know their customers, explicitly knowing their place of residence. For people who have a non-standard place of residence, digital nomads, homeless people, etc it becomes difficult
fascinating, thanks.
no doubt ushered in under some notion of "protecting" us from well funded groups, yet mysteriously didn't include a minimum threshold so poor folks with $4.25 in their account are still included in these broad sweeping laws.