FTC Warns Visa, Mastercard, Paypal, Stripe Over Political Debanking – ReclaimTheNet
FTC Warns Visa, Mastercard, Paypal, Stripe Over Political Debanking
The FTC just told the four companies that move America’s money to stop picking sides, without actually doing anything about it yet.
Four companies that collectively control how most Americans buy and sell things received warning letters this week from FTC Chairman Andrew Ferguson, threatening enforcement action if they deny customers access to financial services based on political or religious beliefs. The targets are Visa, Mastercard, PayPal, and Stripe.
As an example, we obtained a copy of the letter sent to Visa for you here .
The letters didn’t name a single specific violation, and they didn’t need to. The track record is already public. PayPal has frozen accounts of several political commentators.
Stripe cut off payment processing for President Trump’s campaign website after January 6, 2021. Both companies have spent years making unilateral decisions about who deserves access to the financial system, hiding behind vague terms of service that give compliance teams almost unlimited discretion.
“Full participation in commerce and public life necessarily requires that law-abiding individuals can access, and freely participate in, our financial system,” Chairman Ferguson wrote.
“It is inconsistent with American values to deny law-abiding individuals the ability to run their legitimate businesses and feed their families because they attracted the ire of rogue American officials, overzealous activists, or, more worryingly, foreign governments seeking to control public discourse,” he continued.
“That is why President Trump’s August 7, 2025, Executive Order on debanking makes clear that it is unacceptable to debank law-abiding citizens due to ‘political affiliations, religious beliefs, or lawful business activities.’”
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