After President Trump made it a point to declare banking rights as guaranteed and fair for Americans, the government actually went to work. Now, a federal agency has revealed that major U.S. banks were guilty of limiting or denying access to financial services to citizens based on their beliefs or business activities, and the evidence is shocking. A payment processor owned by one bank closed the account of a merchant that sold Make America Great Again merchandise. [snip] The report declared that between 2020 and September 2025, all nine banks had policies in place that do so. The OCC identified two categories that presented an “elevated risk of ‘encouraging’ or ‘otherwise influencing'” institutions to deny access to financial services: reputation risk practices and industry specific practices. [snip] The practices affected both sides of the political aisle. For example, in February 2023, one bank declined to provide public services to an educational organization because it solely endorses Democrat candidates. In February 2021, a payment processor owned by one bank closed the account of a merchant that sold Make America Great Again merchandise. [snip] “This included, for example, limitations on the sale of high-capacity magazines and restrictions on firearm sales to individuals under the age of 21.” In February 2021, TD Bank was making decisions regarding a Paycheck Protection Program loan based on its own reputation risks, the report claimed. [snip] All nine banks were cited in the report as having conducted biased practices based on their perceived reputational risk or simply their policy regarding whether or not they wanted to do business with people based on their industry or their activities. [snip] The OCC has suggested making changes to the client complaint process, forcing increased transparency, and redefining how it considers politicized or unlawful de-banking. (*) Full article: https://www.theblaze.com/tech/nine-major-us-banks-debanking Post navigation Rep. Ilhan Omar in PANIC after Her Home Gets Searched by the Feds President Trump Rocked Wasilla, and I Was Almost There for It
