I struggle to imagine any bank suddenly deciding they're OK with adult content after all. Apart from the moral outrage risks (like the ones OnlyFans itself has been facing wrt the literal kids on their platform), they don't want to accidentally run afoul of sex trafficking laws either. There's just too many risks in adult content. It's really surprising OnlyFans got as far as it did with adult content.
Plus, something like a small company blaming banks is everyday business for those banks. It won't hurt their PR much in the long term, especially since the older, more conservative sections of the public won't care or be more supportive of the banks here. It sucks but that's how the world is.
I am not sure I agree with 'suddently' characterization. They are not suddenly OK with it. Founder complained to their peer at the financial institution. Onlyfans was probably trying to take care of it internally for a good while ( CYA applies at most financial institutions so it was taking longer than most businesses are used to ). It was only after media outburst that an executive decision was made.
I am relatively certain that behind the scenes, the case of Onlyfans was argued by compliance, legal, PR, sales and their personal rep.
"It's really surprising OnlyFans got as far as it did with adult content."
I am not. You are not allowed to touch lgbtq+ community now. They are way too vocal and companies too scared to agitate them. And a fair amount of complaints came from them.
Plus, something like a small company blaming banks is everyday business for those banks. It won't hurt their PR much in the long term, especially since the older, more conservative sections of the public won't care or be more supportive of the banks here. It sucks but that's how the world is.