Letter From My Bank Regarding UIGEA--Oh NO!
My bank wrote to tell me that they will no longer process these transactions:
"any wager which involves the use of the Internet, where such bet is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received or otherwise made."
The bank even updated their Deposit Agreement and Disclosure to include the UIGEA.
What does this mean?
It means that now I have to launder money to get my poker winnings--lol.
Actually what it really means is that there are way too many stupid people in government. But you already knew that.