White House Reportedly Preparing Executive Order to Address "Debanking"
WASHINGTON, D.C. - A recent report from The Wall Street Journal indicates that the White House is preparing to sign an executive order aimed at punishing banks that are found to be discriminating against customers on the basis of their political affiliation. The order is reportedly a response to the practice of "debanking," where financial institutions deny or terminate services to certain businesses and individuals.
According to the article, the order is expected to be signed as early as this week. It specifically targets the debanking of businesses, including cryptocurrency companies, which have been among the groups that have raised concerns about being unfairly targeted by financial institutions.
The potential executive order signals a significant move by the administration to address what it sees as a growing issue of political and ideological bias within the banking sector.
