Imagine running a thriving business, paying your bills on time, and out of the blue, receiving a letter from your bank stating your account is closed. No explanation, just a mention of “policies.” The truth? Maybe you supported a conservative cause, shared an unpopular opinion online, or your business isn’t considered politically correct in today’s climate.
This isn’t just a theory; it’s been happening for real over the past decade.
Recently, the Wall Street Journal revealed that President Trump signed an executive order urging regulators to look into whether banks are discriminating against customers for political reasons. It’s a step in the right direction, but it seems insufficient.
Having a policy is one thing; enforcing it is another.
If President Trump is serious about challenging financial censorship, he should encourage Americans who’ve faced discrimination to come forward. He could ask them to document their experiences and submit them to the right regulators. By gathering these accounts, he could build a case.
The White House should communicate this intent clearly through the Office of the Comptroller of the Currency (OCC) and other relevant agencies. We’re looking for real examples—those instances where a bank closed your account due to your political beliefs, religion, type of business, or voting choices. It’s time to log these occurrences and inform the banks.
The left has already harnessed these regulatory bodies to stifle parts of the industry through “reputation risk” policies and ESG (Environmental, Social, Governance) requirements. Accounts linked to Christian organizations, businesses involved in border security, and various others, including gun manufacturers and even President Trump himself, have faced closures. Reports suggest that JPMorgan Chase stopped dealing with Trump since January 6, even though he had been beneficial for the bank.
This isn’t capitalism; it feels more like soft tyranny.
We need more than just policies; we need actionable stories. We should tell the federal government that if you experience discrimination, we want to hear you, and we’ll take action.
So, what should you do? Here’s how you can file a complaint if your bank closes your account, denies credit, or treats you unfairly due to your political opinions or type of legal business.
You can reach out to the OCC (which includes JPMorgan and Bank of America), the state non-Federal Reserve Bank’s Federal Deposit Insurance Corporation (fdic.gov/consumer-assistance center), the Consumer Financial Protection Bureau for general financial services issues (ConsumerFinance.gov/complaint), and the DOJ Civil Rights Division, which addresses discrimination under the Equal Credit Opportunity Act (civilrights.justice.gov/report), to name a few. You could also check with the Federal Reserve Consumer Support for guidance (FederalReserveConsumerhelp.gov) or the FFIEC Consumer Help Center if you’re unsure who regulates your bank (ffiec.gov/consumercenter).
When you file, include the bank’s name, the date of the incident, what type of account is affected, and any supporting communication or documents. It’s essential to clearly express how your treatment may be politically motivated.
Every complaint adds weight to the case. The more examples that come in, the harder it becomes for banks and regulators to brush them aside. Now truly is the time to step up.
President Trump and his administration hold a significant chance to prove that the weaponization of financial institutions against Conservative supporters can’t go unanswered. While executive orders are useful, going beyond that is crucial.
The OCC, CFPB, and other regulatory bodies not only need to investigate claims from those conservatives who have been targeted, punished, or sidelined, but they should actively solicit these complaints. That’s how to gather evidence, put pressure on banks, and shift the narrative back.
We’ve faced cancellation on social media for a while now; this banking issue is just another layer.
Many people are understandably anxious, fearing repercussions for supporting certain candidates. They dread investing in companies that oppose their values, fearing they might be funding those who aim to undermine them.
It’s going to take resolve. The message needs to be loud and clear. We need a government that doesn’t just talk the talk but also walks the walk.
The president should leverage governmental power to amplify voices. Let’s find a way to report these issues effectively. Let’s turn the tables on those who think they can silence us with discrimination.
If we don’t take action now, the issue extends beyond who will be canceled next. It’s about who will face cancellation at all.