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CNBC Says "Mike South - South is the Nikki Finke of the porn industry. His blog, which is never short on opinion, is a must-read among industry insiders. His style is unique, but he is also a leading agent of change within the industry. There are few fence-sitters when it comes to opinions about South, but no one ignores him."

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  • Metro Talent Management responds to Brandi Foxx (14)
    • LurkingReader: @NormalAndSane Thanks for pointing out racist accusation, totally missed it. Saw 18 months in the business, new agent, then her...
    • LurkingReader: @jilted Have seen up close and personal many of the ways relationships are affected and don’t deny or minimize the reality...
    • MikeSouth: DING DING DING What APAC needs is someone like you who has a good grasp of where the shortcomings really are…It isnt how to keep...
    • MikeSouth: This post is perfection…Thank You It really does sum it all up well. feel free to post here anytime your insight and knowledge is...
    • NormalAndSane: Hi. Legit, big global firm lawyer here (who obviously also loves porn). To answer your question, why are there no lawyers looking...
    • jilted: Is METRO a talent agency, or a management company? There is a HUGE difference/
    • jilted: @Billy, In the links I provided, as lengthy as they are, there are provisions on how many jobs an agent must procure, in certain time...
    • Billy: If an agency can not guarantee talent a certain amount of scenes per month then they have no business signing talent up for lengthily 2 year...
    • Billy: BTW what ever happened to Roxy? She did a good job running Metro. Until now I thought they went out of business.
  • Wake Up APAC A Disaster Is On The Horizon (33)
    • Hop Sing: @harris You’ve been called out and proven as a bullshitter on basically every porn board in existence. Your rep precedes you....

Is The Department of Justice Behind The Chase Account Closures.

In researching these account closures it has become apparent that some Chase customers are unaffected and others have had their accounts closed for no apparent reason, despite Chase saying that all had Terms of Service Violations.

What has come up though is a memo from the Federal Deposit Insurance Corporation that lists Pornography (and many others) as a high risk business for defaults.  While the FDIC doesn’t require banks to close these accounts it is seen by some as a recommendation.

But the most interesting thing to come out of this is a Department of Justice initiative called Operation Choke Point.  Operation Choke point is directly targeting Payday lenders, Check Cashing Operations and Third Party Processors.

The adult industry on the internet is largely dependent on third party processors like CCBill, Paxum, Epoch and Zombaio to do billing for adult sites.  According to the Obama Administration and the Department of justice these ” third-party processors that route payments for merchants through banks are ignoring signs of fraud to rake in fees from transactions.

Chase account closures aside the industry should be keeping a very close eye on this as an attack on third party processors is at the very least an indirect attack on adult.