DOJ subpoenas major banks over alleged 'debanking', WSJ reports
- Federal prosecutors subpoenaed JPMorgan Chase, Bank of America, Wells Fargo, and other banks to investigate alleged 'debanking' of customers based on their politics and requested lists of closed accounts with explanations for the closures.
- US Attorney Jeanine Pirro's office is leading the investigation into whether banks improperly cut off clients following President Trump's claims of mistreatment after January 6, 2021.
- The banks deny political discrimination, attributing account closures to anti-money-laundering rules and regulatory pressures.
- Prosecutors are considering charges under the Financial Institutions Reform, Recovery and Enforcement Act of 1989 amid indications of possible debanking linked to various industries.
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DOJ Subpoenas Major Banks In Probe Of Alleged Political Debanking
Federal prosecutors are seeking records from JPMorgan Chase, Bank of America and Wells Fargo as part of an inquiry into whether customer accounts were closed ... The post DOJ Subpoenas Major Banks In Probe Of Alleged Political Debanking first appeared on [your]NEWS.
Justice Department opens sweeping ‘debanking’ probe into JPMorgan, Bank of America and more
Federal prosecutors have hit JPMorgan Chase, Bank of America, Wells Fargo and other Wall Street giants with sweeping subpoenas in a criminal probe of whether they "debanked" customers over their politics.
It has been reported that the U.S. Attorney's Office for the District of Washington, D.C., led by Chief Attorney Jeanine Pirro (74), known as a loyalist to President Donald Trump, has issued a large number of subpoenas to major U.S. banks. The investigation is related to allegations that the banks closed some customer accounts for political purposes. Based on an executive order issued by President Donald Trump last year, it is being criticized a…
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