Focus
De-banking
Shareholders, State Officials Allege Political, Religious Discrimination by Bank of America
‘This isn’t the right way to do business in America,’ Indiana State Treasurer Daniel Elliott stated.
Conservative Attorney John Eastman Says He Was ‘De-Banked’ Over Role in Contesting 2020 Election
His role in questioning the 2020 election on behalf of President Trump has resulted in an indictment, canceled bank accounts, and potential disbarment.
UK De-banking: More Than 140,000 Small Business Accounts Closed in Past Year
Treasury Committee Chairwoman Harriett Baldwin said it’s ’startling‘ that lenders are ready to close accounts ’with little or no notice.’
Closure of Nigel Farage’s Bank Accounts ‘Predominantly a Commercial Decision,’ Review Says
Mr. Farage’s political views were only examined in the lense of reputational risks and were not the ‘determining factor,’ but Mr. Farage disagrees.
Former NatWest CEO Breached Nigel Farage’s Data Protection Rights, Watchdog Finds
The watchdog ruled Dame Alison Rose ’should not have' shared information with the BBC, but didn’t take further action because the CEO has resigned.
Christian Group Alleges Religious Discrimination by Bank of America
Indigenous Advance Ministries (IAM), a Christian ministry in Tennessee has accused Bank of America of closing its accounts for what it claims are ideological reasons. Bank of America countered that closing IAM’s accounts was not an issue of its beliefs but rather that some of its activities conflicted with the bank’s policies.
ANALYSIS: Is the De-Banking Problem Solvable?
As banks reject customers over financial and reputational risks, experts discuss how to balance their need with the necessary of having a bank account.
