• ganymede@lemmy.ml
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    3 days 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
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      3 days 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
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        3 days 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.