Subnostr

The fliers also warn that competition could result in "your financial data could be processed by partners of the Chinese Communist Party" (the bill bans foreign companies from routing transactions, and bans #ChinaUnionPay by name).

The fliers are anonymous. The only ghoul shameless enough to put his name on the campaign is #GroverNordquist, whose #AmericansForTaxReform tells its Christmas-voting-turkeys to "side with consumers, not woke retailers."

19/

Cory Doctorow 2y ago

The dark money org pushing this line have placed op-eds in newspapers across red states, comparing transaction routing competition to your kids' data being snaffled up by Tiktok:

https://www.theflstandard.com/senators-rubio-and-scott-must-protect-the-personal-financial-data-of-floridians/

This nonsense was peddled by #LeagueOfSoutheasternCreditUnions president #SamanthaBeeler, whose org has spent $20,000 fighting the #CCCA, claiming that a "cheaper" system would be "less secure":

https://disclosurespreview.house.gov/ld/ldxmlrelease/2023/Q2/301493985.xml

20/

Reply to this note

Please Login to reply.

Discussion

Cory Doctorow 2y ago

But that's small potatoes. *Millions* are being spent, *right now*, lobbying against CCCA - $5m from the #AmericanBankersAssociation, $2m from #CreditUnionNationalAssociation, another $400k from Mastercard.

For these rentiers, corrupting our government with millions is a *stellar* bargain if it lets them continue to collect rent *every time we spend money*.

21/