Citibank Cancels Bank Account of Objectionable Blogger

Keith found this story about Citibank blocking a website's bank account after deciding that the site's blog contained questionable content. I guess it's up to a bank to decide whom to do business with, but this is pretty crazy.

Comments

Re:Because it's a gay site? Or is it because...

[Anonymusing]

First, the bank ALREADY HAS HIS INFORMATION because of his bank account. You think he somehow signed up for a checking account without filling out contact information? Citibank doesn't hand out accounts on street corners.

Second, the startup apparently has backing from "The Washington Post Company, Mayfield Fund’s Allen Morgan, Xing founder Lars Hinrichs, and Burson-Marsteller’s Don Baer." E.g. people with money and connections. Hardly a mysterious, unknown person.

Third, they didn't say this was a compliance failure. They said it was because of "objectionable content."