Hacker News new | past | comments | ask | show | jobs | submit login

While financial remittance regulation is held up as a save-the-children, anti-terrorist poster child, in reality it's primarily a political, surveillance and profiteering tool.

This move will directly benefit businesses such as Western Union, criticized by consumer protection groups for preying upon immigrants and other disempowered groups. (Western Union has an extremely long history of abusing and maintaining monopoly... see http://arstechnica.com/tech-policy/2011/05/how-the-robber-ba... )

For an impressively useful World Bank resource on typical remittance prices, see http://remittanceprices.worldbank.org/en




Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | Legal | Apply to YC | Contact

Search: