Click here: to donate by Credit Card
Or here: to donate by PayPal
Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Thank you very much and God bless you.
Posted on 08/20/2025 7:46:13 AM PDT by yesthatjallen
Less than one percent of customers who filed detailed complaints about checking or savings account closures with the U.S. Consumer Financial Protection Bureau over the last 13 years accused banks of acting for political or religious reasons, even as the White House mounts a campaign to stamp out "systemic abuses" in the financial system that it says have wronged conservatives, a review of the agency's data shows.
U.S. President Donald Trump earlier this month signed an executive order requiring banks not to discriminate against clients on political or religious grounds, a practice known as debanking, after citing what Trump called discrimination against conservatives. The White House said the order was targeting "systemic abuses by financial institutions that undermine free expression and economic opportunity."
But few customers who have been denied access to banking products cite their political affiliation as a chief concern. Out of the 8,361 detailed complaints, opens new tab about closed bank accounts filed with the CFPB since the agency began taking them in 2012, only 35 include the terms “politics,” “religion,” “conservative” or "Christian," a review by Reuters shows.
"It's not a real issue. 'Debanking' is an excuse for political attacks," said Amanda Jackson, a director for Americans for Financial Reform, a coalition of progressive-leaning groups.
SNIP
(Excerpt) Read more at reuters.com ...
|
|
Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. |
Reuters is pathetic. “Just” 35.
Just 35? Martha, do you hear yourself?
Flawed analysis.
The customer may have been debanked for political reasons, but didn’t really know why, and so did not include the words in the complaint.
Also, there may have been instances of political debanking that were not included in the complaint system they reviewed.
Exactly.
They don’t have to tell you they didn’t like your post on Free Republic. They just tell you “your account has been closed after a review.”
‘“Just” 35.’
Appreciate Ross pointing out that President Trump is addressing debanking for political reasons before it gets even worse.
Ross also points out that President Trump is protecting all Americans as only a small percentage of the almost 10,000 de-banked possibly share his political policies.
Ross is at least honest about the non-partisan good President Trump is doing even if he’s not pro-MAGA.
One is too many. Make them pay now so they think about it the next time Dems push for it.
Just one is too many.
You are just told NO and no reason follows
How is that researchable unless inside bank records are
Subpoenaed ?
And if “just” one destroys a man that’s ok right?
Hey Reuters POS Ross Kerber... Ever stop to think that people who were screwed over by banks because of their political affiliation might be unwilling to report the same for fear of additional retaliation by like-minded scumbags like yourself?
Indeed. I got a letter a year ago asking me to remove all my money from a top bank, except the mortgages. I asked why, and they replied the decision is final and they cannot give me a reason. I had literally millions on deposit, never been late with mortgage payments, my original checking account was still open after 36 years with no bounced checks. But I did support President Trump with substantial money every year since he and Melania walked down the escalator.
Only a handful of apartment complex were under the thugs!
Make it “just 36”. Let’s see if Reuters getting debanked all of the sudden thinks it’s now a problem.
Anyone wanna bet that less than 100% of those debanked actually took the (waste of) time to file an official complaint?
Oh. Only 35. OK. Just like Only a handful of apartment complexes were overrun by drug cartels in Aurora, Colorado.
“”””Anyone wanna bet that less than 100% of those debanked actually took the (waste of) time to file an official complaint?”””
yup. The customers just said screw you and moved to another bank.
That is going to become an iconic phrase for a very long time.
-PJ
The CFPB does not provide information on how many of those 8,361 complaints actually were due to political bias. In looking at some of the complaints, it appears that most of them do not include suspected reasons for why the accounts were closed. Rather, they mostly state that the account was closed, no reason was given, and there were delays in getting access to their funds.
Every account I reviewed stated the following:
Timely response?
Yes
Company response to consumer
Closed with explanation
Company public response
Company has responded to the consumer and the CFPB and chooses not to provide a public response
If just one news outlet, let’s say Reuters, was debanked, it would be an existential threat to democracy.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.