The Practice of Debanking is Harming Americans
Alliance Defending Freedom legal counsel Jeremy Tedesco recently appeared on Fox Business where he explained how debanking harms Americans.
In recent years news outlets have reported how government policies encourage banks to designate conservative organizations as posing a “high risk” — giving the banks an excuse to close their accounts.
In 2021 Family Council’s credit card processor terminated our account after designating our organization as “high risk.” Unfortunately, this is not an isolated incident. Other organizations have had similar experiences as well. In fact, corporate shareholders, state attorneys general, congressmen, and news outlets all have expressed concerns over conservatives being wrongly labeled as “high risk” or “hate groups” and subsequently debanked.
Banks that are too big to fail should also be too big to discriminate. Nobody should have their bank account closed for what they believe.
You can watch Jeremy Tedesco’s comments to Fox News below.