alt Hacker NewsWith the CFPB under threat, there may be room for payment processors which don’t protect consumers from fraud. (Regulation is only as strong as its enforcement)
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mafuy • yesterday at 2:19 AM
Might be a good idea. This is so curious.
The US has a weird fetish with privatizing things that the government should handle, like consumer protection. If there were a reasonably robust infrastructure for this outside of payment processors in the US, there would be far less pressure on porn providers to comply with fucked up morals about porn. What we have here is an instance of late stage capitalism, and half the people are too narrowminded to see how it hurts their freedom.
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Not a wise business model. Enforcement can return at any time if the political winds shift.