On Wednesday, The New York Post posted an article about the Biden administration’s closing of bank accounts of people who disagreed with the policies of the administration.

The article reports:

Major banks closed accounts and refused credit to MAGA merchants, pro-life causes, religious groups, conservative organizations and sectors disfavored by the Biden administration, such as firearms, oil and gas, and private prisons, a bombshell report from the federal banking regulator has found.

The Debanking Review by the Office of the Comptroller of the Currency (OCC) investigated 100,000 complaints and scrutinized 50,000 internal bank records to reveal how customers were “debanked” based purely on their political, social, or religious beliefs.

JPMorgan Chase, Bank of America, Citibank, Wells Fargo, U.S. Bank, Capital One, PNC, TD Bank, and BMO Bank were found to have discriminated against American consumers, citing “reputation risk” as a reason to deny service between 2020 and 2025.

Negative press, protests, criticism from advocacy groups such as the Southern Poverty Law Center, and reprisals from regulators or politicians were cited as the reputation risks most feared by the banks.
The 47-page OCC report, “Guaranteeing Fair Banking for All Americans,” released Wednesday, found that the nation’s largest banks targeted Christian organizations over abortion, LGBTQ issues, and traditional family values.

This is not surprising. Considering the questions about President Biden’s mental capacity, we need to remember who was actually running the administration. It was made up of a bunch of bitter Obama leftovers with input by Jill Biden and Hunter Biden. I seriously doubt that any of the people actually running the administration had any respect for the U.S. Constitution or the principle of free speech.

Please follow the link and read the entire article. Some of the excuses the banking institutions are making are laughable. There are also instances of accounts being restored after President Trump was elected. Hmm.