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Debanked: Why some Canadians are losing their bank accounts without explanation

  • Banks are denying services to conservatives and crypto enthusiasts, a practice known as 'debanking,' according to Jamie Dimon and Brian Moynihan.
  • The crackdown on banking practices began during the Obama administration, targeting politically sensitive industries.
  • Biden's administration intensified these regulations, particularly affecting the crypto industry, critics allege.
  • Hearings by the House Financial Services Committee and Senate Banking Committee are planned to investigate these banking practices.
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  • 50% of the sources lean Right
50% Right
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The Globe & Mail broke the news in Canada on Friday, January 31, 2025.
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