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Banks Ordered to Dig Through Account Closures to Find ‘Debanking’ Cases

The Wall Street Journal•Friday, September 26, 2025 at 1:00:00 PM
PositiveFinancial Markets
Banks Ordered to Dig Through Account Closures to Find ‘Debanking’ Cases
In a significant move, regulators have ordered banks to investigate account closures to uncover potential cases of 'debanking' linked to political or religious discrimination. This initiative, part of President Trump's broader crackdown, aims to ensure fairness and accountability in banking practices. By digging into past account closures, regulators hope to protect individuals from unjust financial discrimination, making this a crucial step towards a more equitable financial system.
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