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RE: Bill S.1241: Amending the Definition of a Financial Institution
Reading their definition of a prepaid access device & the modified definition of a financial institution, it seems like the language is so overly broad as to make almost every retailer in the country a “financial institution” given the widespread issuance of gift cards and sale of instruments such as prepaid visas & phone cards. It’s bizarre.
I was thinking the same thing. Are gift cards going to be criminalized next? So freaking stupid.
Someone is going to have to pay off the $10 trillion that Obama spent and the $10 trillion that every other president spent before Obama.
Trust the government to go after the "good guys" to chase nickels and dimes. Lot easier to get money from the sheeple, then it is to do the hard work of going after criminals.