• ganymede@lemmy.ml
    link
    fedilink
    arrow-up
    1
    ·
    1 month ago

    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?

    • jet@hackertalks.com
      link
      fedilink
      English
      arrow-up
      7
      ·
      1 month ago

      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

      • ganymede@lemmy.ml
        link
        fedilink
        arrow-up
        3
        ·
        1 month ago

        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.