Watchdog Finds 9 Large US Banks Actively Engaged in Debanking

Date:

People pass by a sign for JPMorgan Chase at its headquarters in Manhattan, N.Y., in this file photo. Spencer Platt/Getty ImagesNine of the largest banks have been found to engage in debanking activities, according to preliminary findings in a Dec. 10 review report published by the Office of the Comptroller of the Currency (OCC).The report follows the banking regulator’s implementation of President Donald Trump’s Executive Order 14331, “Guaranteeing Fair Banking For All Americans,” which said that financial institutions have been engaging in practices that restrict law-abiding individuals and businesses from services on the basis of political or religious beliefs. The order was issued on Aug. 7.

spot_imgspot_imgspot_img

Share post:

More like this
Related

1 Dead After US Military Hits Suspected Trafficking Boat in Pacific Waters

Image from video of a lethal strike on a...

Hanson Pledges to Scrap SBS, Make ABC a Subscription Service

The Australian Broadcasting Corporation (ABC) logo adorns the top...

GM Defense, Lockheed Martin Sign Agreement to Bolster US Defense Manufacturing

A U.S. Air Force Lockheed Martin F-35A Lightning II...

Stanford Students Walk Out of Graduation Ceremony in Protest During Google CEO Sundar Pichais Speech

Stanford University in Stanford, Calif., on Aug. 17, 2019....