Re: THIS PIECE OF LEGISLATION WONT WORK...PERIOD
Breaktwister, I practice law in St. Louis, MO, but not in litigation or the areas of law affected by this law. US credit cards do not accept transactions with gambling websites because of the Federal Consumer Fair Credit Act. This law allows consumers to challenge charges on credit cards when they feel that the merchant cheated them. The credit card companies got so many requests to investigate charges related to Internet gambling sites that they voluntarily stopped accepting transactions with any company related to the business including Neteller.
However, I completely agree with your post and have written some posts on this forum attempting to explain this view.
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