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Citibank Cancels Bank Account of Objectionable Blogger

Posted by CmdrTaco on from the there's-gotta-be-more-to-this dept.

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.

6 of 265 comments (clear)

  1. How Is This Nerd News??!! by Anonymous Coward · · Score: 5, Insightful

    You post one side of some obscure blog's events, and this is front page news?!! Of course there must be more details to this, but we wouldn't get it from this lame submission.

    I can't even see how this issue is really relevant to nerds here. There's no tech connection, no connection to anything really.

  2. Re:Non-story by spun · · Score: 5, Funny

    Bank does something inexplicable and/or dumb. Film at 11. They already unblocked the account and are doing a "review" of the site apparently. This will probably amount to nothing and they'll simply leave the account open. Wake me if something interesting happens.

    Wake you? No, I think we would rather draw a mustache on your face and put your hand in a bowl of warm water.

    --
    - None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
  3. Re:Shut up by spun · · Score: 5, Insightful

    I really don't understand why anyone would bank with a big corporate bank instead of a credit union.

    --
    - None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
  4. Re:What a shock by L3370 · · Score: 5, Interesting

    Citibank is the bunch that *can* require seven days time for you to CLOSE out the account. They did not say they freeze accounts and anytime.
    Argh why am i responding to Anon...

  5. Re:Because it's a gay site? Or is it because... by Anonymusing · · Score: 5, Informative

    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."

    --
    Liberal? Conservative? Compare perspectives at Left-Right
  6. Re:Because it's a gay site? Or is it because... by phud · · Score: 5, Funny

    If I had mod points, I'd mod you up. Not because I agree with you, but because you spelled "definitely" correctly.