Swordsmyth
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Banks that “de-bank” or drop customers for political reasons could soon face monetary penalties and other disciplinary measures under an executive order that has been drafted by the White House.
The Wall Street Journal reports that the executive order would direct bank regulators to investigate possible violations of the Equal Credit Opportunity Act (ECOA), antitrust laws or consumer financial protection laws when lenders discriminate against conservatives or cryptocurrency companies.
The draft of the executive order doesn’t name any specific banks but it does reference an instance in which Bank of America was accused of shutting down the accounts of a Christian organization operating in Uganda over the organization’s religious beliefs.
The draft also criticizes the role that some banks played in the investigation of the Jan 6 riot at the U.S. Capitol in 2021.
For years, conservatives have complained of banks denying them services on either political or religious grounds while some crypto companies have claimed that they were shut out of banking systems during the Biden administration.
More at:
amgreatness.com
The Wall Street Journal reports that the executive order would direct bank regulators to investigate possible violations of the Equal Credit Opportunity Act (ECOA), antitrust laws or consumer financial protection laws when lenders discriminate against conservatives or cryptocurrency companies.
JUST IN: The White House is preparing an executive order to target banks that discriminate against conservatives and crypto companies, addressing debanking practices with potential fines and penalties, per WSJ. pic.twitter.com/rNjKVI2vAq
— Cointelegraph (@Cointelegraph) August 5, 2025
The draft of the executive order doesn’t name any specific banks but it does reference an instance in which Bank of America was accused of shutting down the accounts of a Christian organization operating in Uganda over the organization’s religious beliefs.
The draft also criticizes the role that some banks played in the investigation of the Jan 6 riot at the U.S. Capitol in 2021.
For years, conservatives have complained of banks denying them services on either political or religious grounds while some crypto companies have claimed that they were shut out of banking systems during the Biden administration.
More at:
Code:
https://amgreatness.com/2025/08/05/white-house-prepares-executive-order-punishing-banks-that-discriminate-against-conservatives/White House Prepares Executive Order Punishing Banks That Discriminate Against Conservatives › American Greatness
Banks that “de-bank” or drop customers for political reasons could soon face monetary penalties and other disciplinary measures under an executive order that has been drafted by the White House.
amgreatness.com
