Financial entities have declared that they did not discriminate against firearm companies in letters to Republican West Virginia Attorney General J.B. McCuskey.
Lawyers for Capital One admitted to debanking Trump Organization-affiliated accounts, although the company claimed it did so due to money laundering concerns.
Florida Attorney General James Uthmeier has launched an investigation into JP Morgan Chase after it was discovered to have participated in the Arctic Frost investigation under the Biden administration.
Federal Reserve Chairman Jerome Powell confirmed Tuesday that the central bank is officially removing “reputational risk” as a factor in banking supervision—an overdue victory for conservatives fighting against ideological discrimination in the financial system. Powell declared that “debanking” has become a “serious problem,” especially for industries and individuals targeted for their political or commercial associations.
