Posted on 03/25/2024 6:54:27 AM PDT by Twotone
U.S. Bank has debanked the Constitution Party of Idaho
March 22, 2024 — The Chairman of the Constitution Party of Idaho (CP-Idaho) received by mail the balance of the party’s funds in the account held with U.S. Bank since 2006, along with a short account closure letter which read,
US BANK — ACCOUNT CLOSURE
Reference number xxxxxx
Dear Constitution Party of Idaho, Advertisement
Enclosed is an official check in the amount of $xxxxxxx for the balance of the above referenced account.
Sincerely,
Retail Quality Assurance – Account Review Advertisement
Check number xxxxxx
This account has always been in good standing with no overdrafts, no fees, and no complications of any kind. The party had just received a statement the week prior, showing the correct balance and no concerns.
U.S. Bank customer service and local employees were confused, as there were no notes on the account and nothing that would indicate a reason for the closure.
A local branch employee who looked into the issue could say only,
“Yes, the bank just decided to stop doing business with you.”
She could not give any further clarification other than the Constitution Party of Idaho account is closed and is not permitted to open a new account.
With an election cycle just beginning, CP-Idaho has two conventions to host, thousands of letters to send to members, and venues to be secured for events. The need for a bank account is obvious and imperative.
Many banks, especially those in rural areas of Idaho, do not allow accounts to be set up for political parties or political organizations. CP-Idaho must now scramble to find a solution.
Has the Constitution Party of Idaho become such a threat that financial institutions are receiving pressure to try to shut us down?
Probably not diverse enough…
These people are pushing for serious trouble.
The Commie RATS have taken over the banks. Another one of the Kenyan bastard’s tricks. America will never be great again until that bastard is deported and red flagged from ever being allowed in America again.
I'd automatically suspect the Biden DOJ but it doesn't seem worth their time. Democrat in charge of the bank?
What happens if they take that check to a US Bank and try to cash it?
Banks are highly regulated by the federal government. There is no way they would “debank” customers without the blessings of the federal government. So the federal government is doing this, by proxy.
Just a foretaste of what’s to come once they put AI in control of banking, and eliminate cash.
The USA, a once-great nation, is now a fascist dictatorship. Will be until Trump is in office.
I guess it’s good (for US Bank) that they don’t bake cakes...
Debanking lawful activity and organizations should be banned at the state level.
Press Release: US Bank Debanks Constitution Party of Idaho
_______________________________________________________
So did another bank pick up the party’s business. We’re always told in economics class that “The Market” will correct itself (And businesses who ditch customers for stupid reasons will lose business to a smarter company). I’m just wondering if it happened in this case.
In a regulated industry, a hostile regulator can stop you from doing business with anyone.
What are the laws or regulations on this sort of thing?
Are there any?
I think we all know, that no bank would ever close the bank account of some LGBT type organization , or some civil rights organization relating to minority groups.
As a business matter, it seems foolish to close the account of an organization ,if they’ve never had a problem account , no issues with bounced checks or other banking problems.
not the Bee
does anyone know of a bank or credit union they can switch to?
This should be illegal since the bank just use the taxpayer funded federal reserve.
Yes.
How fascist of them!
Big banks are corrupted by our corrupt unconstitutional anti-american police state govt.
US Bank is doing what the Democrat Feds told them to do.
I never heard of any customers getting debanked for being communists.
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