Trump prohibits Debanking, as executives emphasize Obama, Piden pressure

In the aftermath of the president Donald TrumpFor the executive that prohibits Debanking, the main executive officials of the Bank News told them that they are under pressure from the Obama and Biden departments to reject services for individuals and companies for political reasons.

“These pressures were very real. When your organization gives you a suggestion, not a suggestion, it’s something. Political things are very real, these pressures are real,” Fox News digital.

Debanking refers to the practice of banks Close accounts Or rejecting services for individuals or businesses, often without any explanation. This practice arose as part of the laws and regulations for the anti -money laundering. The entity can be dismantled after distinguishing its transactions, but in recent years, conservative and religious groups have accused banks of discrimination against their beliefs.

Fox News Digital spoke to two Beginning Banks executives, who asked not to be identified, for fear of revenge.

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Executive officials said that the ambiguity in federal laws was exploited by the organizers in its administration, Obama and Biden, to follow the political goals. According to one of the executives, banks were pressed to deny services to certain industries as part of the process of strangling a point and operation. Stifling point 2.0.

The official said: “When there is ambiguity in the law, beauty is in Ain al -Nazer, and for a long time the beholder was the Obama and Biden administration.”

The report of the House of Representatives Control Committee found that “”Pointing process is a point“The Ministry of Justice Business, whose goal was to” suffocate “the legal companies that the Obama administration does not deserve, has worked with banking organizers to name some industries, including firearms sales, as” high risks. “

Trump ended the “suffocation” in 2017 during his first term. However, the hearing of the Financial Services Committee in the House of Representatives heard accusations that the former president Joe Biden The initiative was restarted and the encryption companies are targeted for support as part of the “Point 2.0”.

Trump claimed that he was a victim of Danking, accused JPMorgan Chase, Bank of America and others of rejecting more than a billion dollars in his deposits. first lady Melania Trump She wrote in her notes, that she and her son Baron were also sincere.

Melania wrote: “I was shocked and dismayed when I learned that my old long banking decided to end my account and deprive my son of the opportunity to open a new decision … This decision seemed rooted in political discrimination, which raises serious concerns about civil rights violations.”

“We welcome the efforts of the Trump administration to provide the regulatory clarity of the banks. We have made detailed proposals and we will continue to work with the administration and Congress to improve the organizational framework,” Bank of America told Fox News Digital in a statement.

The former Republican Senator Sam Bronback was accused Jpmorgan Chase In the year 2022. JPMorgan asserts that they have never participated in the political Debanking, but they updated their rules of behavior to mention that they are not distinguished based on political views or religious beliefs in 2025 – which the bank mentioned was just an arrangement of the current policy.

“We are not closing accounts for political reasons, and we agree with President Trump that organizational change is strongly required. We are happy to see White House JPMorgan representative told Fox News Digital in a statement that dealing with this issue, which we call for many years, and we look forward to working with them to obtain this correctly.

According to Inspire Inspire CFA TIM Schwarzenberger, whose company has deeply shared in controlling Debanking, banks will use “reputable risks” to deny services to groups and individuals who are not politically exploited.

Trump’s order, Entitled “Ensuring Fair Banking Services for all Americans”, which he signed on Thursday, promised to ban banks from rejecting services to a customer based on their political views or other beliefs. This prevents banks from using “reputable risks” as a criterion to deprive someone of services in a politicized manner.

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“The executive is really the moment of penetration,” Schwarzinbreger told Fox News Digital.

Another senior executive official said the negative news coverage was considered criteria for “reputation risks.” During the period between the 2020 presidential elections and Trump’s return to the Oval Office in 2024, he was subject to a wave of lawsuits and negative press. According to the official, the response to the desires of the organizers will use the negative press directed to the conservatives as an excuse to photograph them.

“Everything has been prepared, it is like someone appointing the table, and everything ends with focusing on Republicans and conservatives.”

The CEO added that the banks were subjected to continuous organizational pressure to provide more “suspicious activity reports”, reports submitted to the treasury on unusual banking activity, and for more customers of more customers. He said that the organizers do not need to inform banks explicitly of rejecting services to any specific individual or work. Management preferences were well known, and banks were expected to comply with.

The first banking executive said that although the organizers may have good intentions, their global looks will inevitably affect their decisions and that there are “real reasons for the belief that there are political considerations.” Instead of getting the wrong side of the organizers, the banks will proactively reject some customers.

The bank official told Fox News Digital:

Fox News Digital told that there is a reason to optimistic that Debanking for political reasons will become something of the past, and pointed to the obligations made by banks alone before issuing Trump’s executive order.

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In addition to Jpmorgan, Bank of America, Citigroup and PNC Bank, they all took steps to reassure customers that they do not distinguish based on political or religious views.

When it was reached for the comment, Citi referred the Fox News Digital to the June statement, which said the bank “was always completely committed to processing all current and fossilized customers, and we have policies, procedures and controls in force for this explicit purpose.”

PNC refused to comment.

Obama and Biden representatives did not respond to a request for comment.