Chase Bank is in the hot seat with adult industry stars. Judgement day has come and the subsidiary of JP Morgan Chase is closing the accounts of hundreds of “disfavored” merchants, namely porn stars via Operation Choke Point, for in some cases “irregular activity.” In essence, banks are “choking” off their access to financial services, deeming the workers a “risk” and not offering any digestible explanations. The entertainers are not taking this news lightly and are even threatening to sue. The closures will be effective May 11, 2014 for most stars who’ve received their letter.
The porn industry profited $5 billion in revenue in 2013.
Check out their responses on their social media channels.
