Comment by pjc50
3 days ago
Rarely does it look like a clear "debank X" system; it's more like "you look suspiciously like someone who might use our systems in a crime, in a way that will cost us money and get in trouble with the law, so we're not going to touch you". Which is much harder for an innocent person to deal with.
I do think there ought to be some sort of fallback banking and account denial review process, if we're going to make it that critical to society.
I agree, that’s what makes it so insidious: it’s murky how you get flagged as risky, and you normally don’t even see the evidence (if any!), much less have a means to appeal. Which would be one thing if financial institutions’ risk decisions were independent, but they’re not—see again the inimitable @patio on this [0].
That serves the integrity of the risk-identification system by making it harder to game or evade, but we’re rightly allergic to other forms of justice meted out “because trust me, he’s probably no good…”
[0] https://www.bitsaboutmoney.com/archive/debanking-and-debunki...