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Notes -
I'm very far from certain that's actually the case. I... don't get fintech, but Patio11 regularly points to the regulatory compliance importance of "reasonable controls" as something that an actual hard mandate that has serious actual legal ramifications. "Reputational risk" was an example of that ramification, and so was Operation Choke Point, and so were certain bank pause letters and NCOSE, and it's a hard pattern to unsee.
There's not a law in the legal formalist sense that you could point to a specific statute, but there is one in the sense that the FDIC's personnel might point at a line and shake their heads in a closed-door meeting.
If you take that Straussian reading, it explains a lot of the gaps in the story - both why random banker bigwigs would take meetings from nobodies with big mouths from the SLPC, and more importantly why SLPC advocates would even want them rather than see them as getting gladhandled; why the data product was specifically something for sale and not just a nice website; why so much of the naming-and-shaming gets massive fanfare for audiences that are double- or single-digits scale.
The trouble's that it's nearly-unprovable and entirely-nonfalsifiable.
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