Federal Review of Major Banks Examines Alleged Politically Based Customer Restrictions
Photo: The Daily SignalHow the sides differ Alternative sources stress 'reputation risk' as a pretext; right sources stress political and religious targeting, with some citing the SPLC and the Biden administration.
A federal investigation by the Office of the Comptroller of the Currency, released Wednesday, examined whether large U.S. banks restricted customers for political or religious reasons. Coverage says it found policies that disadvantaged customers based on political beliefs, religious affiliations and lawful business activities. Reports say it reviewed nearly 100,000 complaints and about 420,000 pages of bank documents, and named banks including JPMorgan Chase, Wells Fargo, PNC, TD Bank, Bank of America and Citibank. The Free Press says employees used 'reputation risk' as a guise to drop customers seen as too conservative. The Daily Signal says four banks relied on the Southern Poverty Law Center, while the Daily Wire says the Biden administration pushed banks to target such groups.
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Presents the findings as showing how 'reputation risk' was used by bank employees to push out customers viewed as too conservative or controversial.
- The Daily Signal4 Major Banks Used SPLC in Adverse Decisions Affecting Conservative, Christian Groups, Federal Review Finds
- Daily WireBiden Administration Pushed Banks To Target Conservative And Religious Groups, Report Finds
Presents the report as evidence of political and religious targeting, citing the SPLC's role and attributing pressure to the Biden administration.