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Wells does what banks are supposed to do: take deposits and then lend the money back out.Wells Fargo’s largest shareholder is Warren Buffett, who has owned the bank’s shares for two decades.(Stumpf still plays, mostly online, sometimes partnering with Buffett’s sister Bertie against her brother...
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I have notified my bank that is has processed payments to internet gambling sites. The "casino" merchants are lying about the purchase transaction code. If they had used the right code to identify their business, the bank never would have allowed the transaction to go through.
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If a credit card company allows the use of its logo on an online betting site, it's a ... likely to be owned by well-known parent companies, and are monitored by online ... Do they post fair and accurate lines, prices, and odds, or are they ripping ...
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Rep. Frank introduces bill to allow online gambling -…
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According to the report, five major companies are blocking online gambling deposits. Wells Fargo, Bank of America, American Express, Discover Financial Services, and Paypal were the companies named in the article. Bank of America is the second-largest bank in the United States and their policies currently ban online gambling transactions. Big Banks Refuse to Process Legal Online Gambling Transactions -... UIGEA Still Directs Banks’ Positions. Wells Fargo spokeswoman Natalie Brown says this is the reasoning behind her company’s decision to decline gambling deposits. “In compliance with regulation GG (Unlawful Internet Gambling Enforcement Act of 2006), we prohibit the use of consumer credit cards for Internet gambling,” said Brown,... Wells Fargo to Ban Cards for Internet Gambling - RGT Online