By Ross Kerber (Reuters) -Less than one percent of customers who filed detailed complaints about checking or savings account closures with the U.S. Consumer Financial Protection Bureau over the last 13 years accused banks of acting for political or religious reasons, even as the White House mounts a campaign to stamp out “systemic abuses” in the financial system that it …
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Carter termed this alleged discrimination campaign Operation Chokepoint 2.0, in reference to an Obama-era antifraud program under which US officials reportedly discouraged banks from dealing with pornography, payday lending, and other disfavored industries. On the campaign trail ahead of the 2024 presidential election, Trump adopted the terminology himself. “I’m glad the Trump administration is taking up this fight, and I …
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Facebook Tweet Email Link A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. New York — President Donald Trump is doubling down on “debanking” — a once-niche political issue that now appears deeply personal for him. While Trump’s at times rocky professional history with Wall Street banks …
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