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A comment on Europe's $24T Breakup with Visa and Mastercard Has Begun. Parent comment

Re:Europe's $24T Breakup with Visa and Mastercard Has Begun by citrin_ru on Wednesday February 11, 2026 @02:19AM (#46971907)
The main problem IMHO that a bank access not seen as a right. Even Russia which is neither powerful (unlike the US) nor an EU ally can de-bank Russian critics living in the EU (and other places) by reporting them to FATF. AML is ripe for abuse.
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Re:Europe's $24T Breakup with Visa and Mastercard Has Begun by nistiminic on Wednesday February 11, 2026 @08:12AM (#46974527)
DIRECTIVE 2014/92/EU art 16: Member States shall ensure that payment accounts with basic features are offered to consumers by all credit institutions or a sufficient number of credit institutions to guarantee access thereto for all consumers in their territory

It is a right in the EU

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