FSC Meets With Congress Over Banking Discrimination
On December 8, FSC was able to secure meetings with key House and Senate offices to begin discussions about banking fairness for the adult industry.
Fair Access to Banking Act (2022)
This bill restricts certain banks, credit unions, and payment card networks from refusing to do business with a person who is in compliance with the law. Restrictions include prohibiting the use of certain lending programs, initiating the process of terminating an institution’s depository insurance, and instituting specified civil penalties.