Banks also wanted UIGEA delay

[The Buzz]

The big news during the Thanksgiving weekend (besides Tiger Woods' erratic driving) was that implementations for the UIGEA were delayed for six months. Many credit Barney Frank for the delay, and rightfully so.

But there were also other forces behind this delay. According to Gambling911, U.S. banks also wanted the government to step in and delay the UIGEA.

Wells Fargo Bank, the American Bankers Association, the Credit Union National Association were among those on the financial side pushing for a delay according to CreditCards.com.

Wells Fargo accounts were seized over the summer during an investigation of online poker processing companies by the US Attorney's Office out of the Southern District of New York.

[Anthony]

Banks don't want to commit the resources to enforce UIGEA.

[Renee]

Ive already said this somewhere else, but I'm wondering why it would make a difference being stopped 1 day earlier... either they had it all implemented or they didn't right? And if they didn't it wouldn't have made any difference to us (i.e. things would have chugged along as normal) and if they did, then they could easily just flick a switch whenever they want...

[Doolally]

I would think the banks were the guys that had the biggest say in things. They have way too much on their plates at the moment to worry about something which I'm sure in their eyes is trivial.

[Shaun O'neill]

I would say that this fo rthe banks is huge, i am sure the day Rpyal Bank of Scotland dropped Pokerstars it hurt there profits big time.

To have access to the US again would be so cool.

Shaun

I would think the banks were the guys that had the biggest say in things. They have way too much on their plates at the moment to worry about something which I'm sure in their eyes is trivial.