I don't agree with this happening. That said, I don't think it is the covid stuff alone that brought this on. Mercola is a snake oil salesmen of the highest caliber and he has been to court many times because of it. I've had family members die while using his unorthodox holistic bullshit that was costing as much if not more than the copay of normal cancer care. I'd imagine that Mercola is a constant litigation risk.
That's interesting context, still, why should the bank care?
Well, as I stated, nobody is going to win if they sue the bank for hosting the accounts of this company but that doesn't remove the legal cost of defending against these lawsuits. These lawsuits will also raise the premium of the bank's legal insurance. I also imagine a lot of family members of elderly people initiate chargebacks against Mercola. When a single company causes such a nexus of issues that cost the bank money, they're prone to jettison the client.
That's interesting context, still, why should the bank care?
Well, as I stated, nobody is going to win if they sue the bank for hosting the accounts of this company but that doesn't remove the legal cost of defending against these lawsuits. These lawsuits will also raise the premium of the bank's legal insurance. I also imagine a lot of family members of elderly people initiate chargebacks against Mercola. When a single company causes such a nexus of issues that cost the bank money, they're prone to jettison the client.