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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."

Recent Comments

  • Are Performers Too Ignorant To Build A Future For Themselves? (8)
    • Toby: It does not surprise me that many are apathetic about joining a performers union. A fair percentage of performers, or even sex workers in...
    • mharris127: For the record I don’t recall ever hearing about or watching an adult film with Phyllisha Anne in it. Maybe she performed under...
    • LurkingReader: @MikeSouth No secret that I’ll applaud any and all efforts to encourage performers and anyone else for that matter doing some...
    • CommonSensePorner: If there ever was a business in which setting up a union is bound to fail it is the adult business for many reasons. The adult...
    • MikeSouth: Heres the thing Sabrina, am i trying to goad performers into taking more of an interest in their own destiny, absolutely, did the...
    • SabrinaDeep: “ignorant of the fact that it is the union that answers to performers” I’m a bit baffled by this, Mike. Performers...
    • Karmafan: Why do people enter porn? I’m sure there are many reasons but one of the biggest has to be the illusion that they can make easy...
    • LurkingReader: Been busy so no clue who or why IEAU is having their parade rained on this week but the bit about union answering to performers...
  • GirlsDoPorn Being Sued For Millions, Girls Claim That They Were Even Threatened. (11)
    • schlermy: No matter how airheaded they are in this country they are all very savvy with their smartphones and grllfriend network. Gaarraanntteeeddd...
    • Karmafan: I am sure there are plenty and I mean PLENTY of pretty airhead girls in this country that are innocent (or foolish) enough to believe...

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.