U.S. Internet gambling regs exempt some transfers

mollila · #1 (**permalink**) 3rd October 2007, 09:41 PM

WASHINGTON (Reuters) -

Quote:

Internet gambling regulations proposed by U.S. officials on Monday stopped short of requiring U.S. banks to block checks their customers make to online casinos while forcing banks to halt debit and credit payments.

The Treasury Department and the Federal Reserve issued a plan requiring bank policies and procedures that are "reasonably designed to prevent payments being made to gambling businesses in connection with unlawful Internet gambling," they said in a statement.

The new U.S. regulations would make the banks responsible for blocking credit and debit card payments for online gambling. It also bars bank customers such as online casinos from receiving Internet gambling proceeds.

...

Read the full story from Reuters.
U.S. Internet gambling regs exempt some transfers | Reuters

emoneypitt · #2 (**permalink**) 15th October 2007, 06:20 AM

So does this mean that e-checks might come back to some sites like Poker Stars?

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