[otterley]

Per the article:

"Debanking will also not infrequently swiftly cascade to accounts in the same household, regardless of title (non-specialists can round this to “name on the account”; industry can’t). Banks institutionally consider those accounts in the same household to be highly likely to be under common control, regardless of what paperwork, account holders, or politically influential subcultures believe."

[do_not_redeem]

My parents live 1000 miles away and we haven't been in the same household for 20 years. Either our troubles were independent and uncorrelated events, or banks are crawling through people's family trees like they're 23andMe. Maybe my cousin who I haven't seen since we were kids did something shady and tainted our whole family tree in the eyes of the banks, who knows anymore.

[JumpCrisscross]

> or banks are crawling through people's family trees

I work in securities. Our KYC screens aren’t as sophisticated as the banks’. We absolutely see family relations. (They’re typically gleaned from public records and social media. It's unfortunately not uncommon for kids to open accounts in parents' names and vice versa, even after a long time.)

[bdangubic]

this 100%

[aitchnyu]

Umm, what does social media reveal?

[JumpCrisscross]

> what does social media reveal?

“Family relations.”

[watwut]

Of course they are crawling through people's family trees. They have no idea who talks to who, but see formal relationships.