U.S. bank regulator looking to ensure big banks have scrapped ’debanking’ policies

The U.S. bank regulator is taking steps to ensure that major banks have eliminated their 'debanking' policies, which have been criticized for disproportionately affecting certain communities. This move is significant as it aims to promote fairness and inclusivity in banking practices, ensuring that all individuals have access to essential financial services. By addressing these policies, the regulator is working to foster a more equitable banking environment, which could lead to greater financial stability and trust among consumers.