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Fight against politically motivated debanking builds momentum

  • More Americans are facing account closures by banks for their political views, known as debanking, a process where banks terminate accounts without notice.
  • Florida's Chief Financial Officer Jimmy Patronis called for an investigation into alleged federal pressure on banks regarding debanking practices.
  • JPMorgan Chase announced changes to its Code of Conduct to prevent debanking, despite not admitting to the practice.
  • U.S. Senator Tim Scott introduced legislation to combat debanking, expressing concerns that it threatens freedom of speech and business operations.
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The Center Square broke the news in United States on Sunday, March 16, 2025.
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