Topic:

Mo Money Mo Problems

Mo Money Mo Problems

10,000 Sign Petition to Stop Chase Bank From Closing Porn Stars’ Accounts

Teagan Presley at an event last summer. (Photo via Getty)

Earlier this week, Perez Hilton, of all people, broke the story that Chase Bank appears to be closing the accounts of porn stars. And now, thanks to an online petition, 10,000 civilians have spoken out in support of the sex workers — although a source tells us the porn stars aren’t being targeted because of their professions.

Teagan Presley, Veronic Avluv and Layton Benton all tweeted about their issues with the bank, the New York Daily News reports. Teagan Presley’s husband, Joshua Lehman, says the bank told him his personal account was being closed “because my wife is an ‘infamous’ adult star.” Later, he said, the bank changed its story, asserting that the accounts were closed because the two had done business with a convicted felon. Read More

Mo Money Mo Problems

Better Un-Friend Your Scummier Buds Because They Could be Hurting Your Chances for a Loan

Guess this means no more Scumbag Steve memes? (Photo: Knowyourmeme.com)

Applying for a loan is annoying–the paperwork, the waiting, the vague fear that the financial institution where you’re sending your social security number, address, bank statements and tax returns could definitely steal your identity at the drop of a hat.

Now, as it turns out, some companies are going even farther than scrutinizing every dime you’ve spent over the last year: they’re combing your social networks to find out if you fraternize with lowlives so that they can deny you for a loan. Read More

Mo Money Mo Problems

The Average Venture-Backed Startup CEO Makes Approximately One Bajillion Dollars More Than You

(Photo: thedrop.fm)

Looks like CEOs of venture-backed startups–particularly those in the B2B arena–really know how to lean in. Nick Tomaino, an associate at North American Capital, published a post today exploring the average salaries for the executive teams at NAC’s portfolio companies. (It promptly hit the front page of Hacker News.) As it turns out, leaders at “expansion stage” venture-backed startups–or at least those backed by NAC–are sitting pretty atop a mile-high mountain of dough. Read More