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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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Northwest Signal

+3 Reposted by 3 other sources

State official takes on debanking for political reasons

(The Center Square) – Alabama State Auditor Andrew Sorrell is helping lead the fight against debanking, a practice where Americans are kicked out of their banks, sometimes for their political views.

2 hours ago

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Key West Citizen

+10 Reposted by 10 other sources

Fight against politically motivated debanking builds momentum

(The Center Square) – Over the past few years, more Americans were surprised to learn that their bank suddenly closed their accounts, purportedly for their political views.

1 day ago·Key West, United States

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Dailyfly - Lewis Clark Valley News

Momentum Grows Against Politically Motivated Debanking

WASHINGTON, D.C. – Over the past few years, more Americans were surprised to learn that their bank suddenly closed their accounts, purportedly for their political views. The process is called debanking, when a bank chooses to kick a customer out, often without any notice or explanation. Critics say the Biden administration encouraged banks to remove politically controversial customers in the name of reputational risk. Florida’s Chief Financial O…

23 hours ago

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