The FAC’s findings, also address the discrimination charities and pawnbrokers face from their lenders and banks, and highlighted the positive feedback the FCA found when dealing with these companies.
It’s all good in the porn paying hood
"We’ve seen examples of really good practice,” said FCA's executive director of consumers and competition, Sheldon Mills about the adult companies surveyed. And overall, his company's report strives to make people “…aware of what accounts there are that might be right for them, more support for the vulnerable, and people not being denied access without good reason." But as is true in the UK, applies to companies across the world; up until now adult entertainment companies and sex workers have faced Herculean challenges when looking to acquire, keep, and work financial services for their services and product.
Surely because of the kind of services and products they provide and how they have always been perceived as not conducting good practices. A false claim, as Mills and his fellows surely found.
And seeing that at the start of this new year, the Free Speech Coalition (FSC), the “nonprofit non-partisan trade association for the adult industry” met with top-level senior U.S. Department of Treasury officials to combat present anti-trafficking and anti-money laundering regulations consistently leveled at adult businesses., the problem the FCA addresses in their report surely goes beyond their home country.
Reputation
More often than not, even if not expressed, it comes down to a guilt-by-association worry banks and lenders have when it comes to working with the adult industry. It happens as much from credit card companies, as in a famous recent Mastercard case, as much with lowly writers trying to eke out a living penning all kinds of scene scripts, press releases, and blogs.
