Jan. 6 debanking probe once floated as way to pad anti-weaponization fund
Prosecutors have issued subpoenas to as many as 10 banks as regulators drop a standard critics say helped justify account closures.
- Prosecutors in the office of U.S. Attorney Jeanine Pirro issued subpoenas to 10 banks, including Bank of America, Wells Fargo, and JPMorgan Chase, investigating alleged discrimination against conservatives and Jan. 6 defendants.
- Last August, President Donald Trump issued an executive order targeting banks for engaging in "unacceptable practices to restrict law-abiding individuals and businesses" access to financial services based on political beliefs.
- Banking regulators have removed so-called "reputation risk" as a factor in assessing practices, a standard critics claim was used to justify closing conservative accounts during the Biden administration.
- Acting Attorney General Todd Blanche earlier this month abandoned plans for a nearly $1.8 billion "anti-weaponization fund" after bipartisan opposition; a federal judge blocked it after officials failed to state plans were defunct under oath.
- Prosecutors are examining whether bank conduct violated the Financial Institutions Reform, Recovery, and Enforcement Act, as the Office of the Comptroller of the Currency conducts a separate ongoing review of banking practices.
13 Articles
13 Articles
By Evan Perez, CNN A Justice Department investigation examining whether some of the nation's largest banks closed accounts belonging to defendants in the 2021 Capitol Hill raid and others for political reasons was pitched to the Trump administration as a way to bolster its efforts to compensate people the president claims were victims of political manipulation, according to people briefed on the matter.
Secret workaround exposed as Trump allies eye new slush fund plan: report
The Trump administration has considered using settlements from a Justice Department investigation into major banks' account closures to fund compensation for Jan. 6 rioters, according to sources briefed on the matter.The Justice Department is investigating whether some of America's largest banks closed accounts of Jan. 6 defendants and other conservatives for political reasons — and President Donald Trump's allies are already eyeing potential se…
Jan. 6 debanking probe once floated as way to pad anti-weaponization fund
A Justice Department probe examining whether some of the nation’s biggest banks closed accounts of defendants charged in the 2021 Capitol riot and others for political reasons has been raised to the Trump administration as a way to support it’s efforts to compensate people the president claims were victims of weaponization, according to people briefed on the matter.
DOJ ramps up probe into big banks for alleged "debanking" of...
The US Dept of Justice is intensifying scrutiny of some of the country's largest financial institutions over allegations that customers were denied banking services, or "debanked" for political or ideological reasons, according to the Wall Street Journal. The US Attorney's Office for the District of Columbia, led by Jeanine Pirro, has reportedly issued subpoenas to several major banks, including JPMorgan Chase, Bank of America, and Wells Fargo. …
DOJ Probes Big Banks For Alleged “Debanking” Of Clients
This post was republished with permission from Zero Hedge The US Dept of Justice is intensifying scrutiny of some of the country’s largest financial institutions over allegations that customers were denied banking services, or “debanked” for political or ideological reasons, according to the Wall Street Journal. The US Attorney’s Office for the District of Columbia, led by Jeanine Pirro, has reportedly issued subpoenas to several major banks, in…
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