US regulator accuses nation's largest banks of debanking customers over political views
The U.S. Treasury has accused nine of the country's largest banks of denying banking services to customers based on political views, including cutting off support for MAGA sellers and Democrat groups. This practice is seen as a form of 'debanking,' where financial institutions influence access to services based on political or religious affiliations.
The U.S. Treasury has accused nine of the country's largest banks of denying banking services to customers based on political views, including cutting off support for MAGA sellers and Democrat groups. This practice is seen as a form of 'debanking,' where financial institutions influence access to services based on political or religious affiliations.
Sources
- Fox Business — US regulator accuses nation's largest banks of debanking customers over political views
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