Queerty is better as a member

Log in | Register
citibank

“We do not monitor or evaluate our customers’ web content. We are providing additional training in this area to ensure the procedures are uniformly and correctly followed”

SOUNDBITES — “Banks are required by law to conduct due diligence and understand the nature of business accounts. For Internet business accounts, we have made it clearer to our bankers what the due diligence process entails. For example, we will continue to reserve the right to decline or suspend an account if we find illegal or discriminatory content, or if the site involves gambling or pornography. Beyond that specific due diligence, however, we do not monitor or evaluate our customers’ web content. We are providing additional training in this area to ensure the procedures are uniformly and correctly followed. Also, our bankers are now required to have additional consultation with senior level banking executives when questions arise about these accounts before making any final decisions. This will help to avoid misunderstanding and subjective decisions, and promote greater consistency throughout the process. And we remain committed to working with our customers to try to resolve any issues.” —Part of a Citibank statement hoping to stem the bad press after closing down the account of gay social networking site Fabulis (via)

By:           editor editor
On:           Mar 1, 2010
Tagged: , , , , , , , ,
  • 2 Comments
    • Joey
      Joey

      That’s a great speech Citibank, but prove it. A speech posted on the internet isn’t all it takes to prove that you treat businesses that cater to gay men differently than businesses that cater to straight men.

      According to the Fabulis blog “Citibank did a review of the fabulis website and blog and marked it as porn”. I wonder if “straight guy” websites like FHM or Maxim would be labeled like that. Would Sports Illustrated’s account be terminated due to their “pornographic” swimsuit issue?

      Also, the Fabulis blog states that they are “backed by some serious players.” Maybe Citibank doesn’t want to piss off these “serious players” lest they take their business (and all the money that comes with it) elsewhere.

      Mar 1, 2010 at 10:52 pm · @ReplyReply to this comment ·
    • Cam
      Cam

      So could they then explain WHY the account was pulled? Where did the Citi Employee get the idea that it was ok to pull it and why did the bank not reactivate the account when first contacted? Was this the action of a homophobic employee who has been corrected or was it a bank policy that was brought to light?

      Mar 2, 2010 at 11:28 am · @ReplyReply to this comment ·

    Add your Comment

    Please log in to add your comment

    Need an account? Register It's free and easy.



  • QUEERTY DAILY

     




    FROM AROUND THE WEB

    Copyright 2014 Queerty, Inc.
    Follow Queerty at Queerty.com, twitter.com/queerty and facebook.com/queerty.