14 Hrs
Source:
New York Post
Banks Close Accounts of Conservative Groups
A federal report has revealed that large banks, including JPMorgan Chase, Bank of America, and Wells Fargo, denied services or closed accounts for customers based on their political, religious, or social beliefs between 2020 and 2025. The OCC's review found discrimination against Christian organizations, pro-life groups, conservative entities, and industries disfavored by the Biden administration, citing reputation risks such as negative media and advocacy group pressure. The report highlights cases of debanking individuals and organizations associated with conservative causes, MAGA supporters, and certain industries like firearms and private prisons, with regulators promising further action to prevent political discrimination in banking.
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