Close Menu
Truth Republican
  • Home
  • News
  • Politics
  • Business
  • Guns & Gear
  • Healthy Tips
  • Prepping & Survival
  • Videos
Facebook X (Twitter) Instagram
Truth Republican
  • Home
  • News
  • Politics
  • Business
  • Guns & Gear
  • Healthy Tips
  • Prepping & Survival
  • Videos
Newsletter
Truth Republican
You are at:Home»Business»‘We stand ready’: State finance chiefs join Trump to end ‘debanking’
Business

‘We stand ready’: State finance chiefs join Trump to end ‘debanking’

Buddy DoyleBy Buddy DoyleAugust 7, 2025No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp
‘We stand ready’: State finance chiefs join Trump to end ‘debanking’
Share
Facebook Twitter LinkedIn Pinterest Email

EXCLUSIVE: A coalition of state financial officers is backing President Donald Trump’s new executive order aimed at halting “discriminatory debanking,” calling it a critical step toward restoring fairness and neutrality in the financial system.

“For too long, federal regulators have weaponized the concept of ‘reputational risk’ to pressure financial institutions into cutting ties with individuals and organizations they find politically or ideologically objectionable,” the 31 financial officers wrote in a joint statement. 

The group of treasurers, auditors and comptrollers from 23 states added that debanking practices have “distorted the role of risk assessment and undermined Americans’ access to basic financial services.”

“Let us send a clear message: discriminatory debanking stops now,” the financial officers wrote.

TRUMP MOVES TO PROTECT US BANK ACCOUNTS FROM POLITICALLY BASED CLOSURES

The joint statement was in response to an executive order, obtained exclusively by Fox News Digital, that seeks to end the practice of debanking, the denial, restriction or closure of an individual’s or organization’s access to banking services.

Trump revealed earlier this week he has also been targeted by debanking efforts, which he claims are driven by political bias from bank regulators.

THE ‘FINANCIAL SWAMP’ OF BANKING REGULATORS WHO ‘DECIDE’ WHICH AMERICANS GET THEIR BANK ACCOUNTS SHUT DOWN

“The banks discriminated against me very badly,” Trump told CNBC’s “Squawk Box” Tuesday. 

“They totally discriminate against, I think, me maybe even more, but they discriminate against many conservatives.”

Under Trump’s new executive order, federal banking regulators will be required to eliminate references to reputational risk and similar provisions from their guidance and examination manuals. 

Additionally, the measure will require the Small Business Administration to direct financial institutions to make efforts to reinstate clients previously denied services due to debanking practices.

‘HAS TO BE STOPPED’: RED STATE AUDITOR PUSHES BACK AGAINST ‘POLITICAL DEBANKING’

The executive order also instructs federal banking regulators to review complaint data for instances of debanking and to refer relevant cases to the attorney general. 

“Major banks like JPMorgan Chase are making it crystal clear: if you hold conservative views, you’re a threat to their ‘reputation,'” Will Hild, executive director of Consumers’ Research, wrote in a statement to FOX Business.

“This weaponization of the financial system against conservatives is not just wrong, it’s dangerous.”

That sentiment was echoed by OJ Oleka, CEO of the State Financial Officers Foundation, who emphasized that political agendas have no place in banking.

“Our state financial officers have been saying for years that political activism should have no place in our financial institutions, but, unfortunately, that is exactly what has been happening,” Oleka wrote in a statement to FOX Business.

“The activism ends now.”

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous Article$93 million in aid to fight malnutrition headed to 12 African countries, Haiti, State Dept says
Next Article Climate lawfare campaign dealt blow in South Carolina

Related Articles

Shell faces lawsuit over alleged racial bias in corporate reorganization

Shell faces lawsuit over alleged racial bias in corporate reorganization

August 29, 2025
Jeff Bezos, Lauren Sanchez take Europe – and the dance floor – by storm after wedding

Jeff Bezos, Lauren Sanchez take Europe – and the dance floor – by storm after wedding

August 29, 2025
Fed’s favored inflation gauge shows consumer price pressures remained elevated in July

Fed’s favored inflation gauge shows consumer price pressures remained elevated in July

August 29, 2025
Trump asks court to allow removal of Fed’s Lisa Cook immediately; judge sets quick schedule

Trump asks court to allow removal of Fed’s Lisa Cook immediately; judge sets quick schedule

August 29, 2025
Trump official issues second criminal referral for Federal Reserve Governor Lisa Cook

Trump official issues second criminal referral for Federal Reserve Governor Lisa Cook

August 29, 2025
Cook’s lawsuit against Trump sets up a potential Supreme Court clash

Cook’s lawsuit against Trump sets up a potential Supreme Court clash

August 29, 2025
About 780,000 pressure washers recalled after reported explosions and injuries

About 780,000 pressure washers recalled after reported explosions and injuries

August 29, 2025
Tennis is the stage, brands are the players: The US Open’s billion-dollar sponsorship game

Tennis is the stage, brands are the players: The US Open’s billion-dollar sponsorship game

August 29, 2025
EXCLUSIVE VIDEO: Cracker Barrel CEO dodges questions after logo flip-flop

EXCLUSIVE VIDEO: Cracker Barrel CEO dodges questions after logo flip-flop

August 29, 2025
Don't Miss
Deals and Double Points All Labor Day Weekend at KnivesShipFree

Deals and Double Points All Labor Day Weekend at KnivesShipFree

Pro-Palestinian conference panelist calls US ‘evil,’ urges ‘destroying the idea of America’

Pro-Palestinian conference panelist calls US ‘evil,’ urges ‘destroying the idea of America’

Woman tries to run over Border Patrol agents helping arrest illegal immigrants in Maine, DHS says

Woman tries to run over Border Patrol agents helping arrest illegal immigrants in Maine, DHS says

Fox News Politics Newsletter: Complex Russia and US relationship continues

Fox News Politics Newsletter: Complex Russia and US relationship continues

Latest News
Health Ranger Report: Ron Paul Warns About The Dangers of Endless MONEY PRINTING

Health Ranger Report: Ron Paul Warns About The Dangers of Endless MONEY PRINTING

August 29, 2025
Federal court strikes down Trump tariffs as illegal under federal law in appeals ruling

Federal court strikes down Trump tariffs as illegal under federal law in appeals ruling

August 29, 2025
Human plague case reported, patient likely exposed while camping

Human plague case reported, patient likely exposed while camping

August 29, 2025
Lawyers for Cook, DOJ trade blows at high-stakes clash over Fed firing

Lawyers for Cook, DOJ trade blows at high-stakes clash over Fed firing

August 29, 2025
Mark Teixeira has a message for Texas Dems after redistricting: ‘Have better policies’

Mark Teixeira has a message for Texas Dems after redistricting: ‘Have better policies’

August 29, 2025
Copyright © 2025. Truth Republican. All rights reserved.
  • Privacy Policy
  • Terms of use
  • Contact

Type above and press Enter to search. Press Esc to cancel.