De-banking, more commonly spelled debanking, also known within the banking industry as de-risking, is the closure of people's or organizations' bank accounts by banks that perceive the …

5 days ago · January 24, 2025 Scott: Banking Committee Will Investigate Debanking Washington, D.C. – Today, Chairman Tim Scott (R-S.C.) announced the Senate Banking Committee will …

1 day ago · Debanking is unacceptable and un-American - this hearing is the first step in our efforts to hold bad actors accountable,” said Chairman Scott. BACKGROUND: Ahead of the …

Debanking, or derisking, is a broad term for when a bank closes an account of a customer who is considered “high risk.” Banks have long engaged in the practice and have wide latitude to …

2 days ago · Complaints about unfair and unexplained closures are rising. Banks say they never close accounts for political reasons.

Jan 23, 2025 · Federal and state “fair access” or “anti-debanking” laws and regulations have been evolving quickly over the last five years, closely tracking the changing U.S. political climate. …

6 days ago · The House Oversight Committee is investigating allegations of “improper debanking” due to political affiliations or participation in the crypto and blockchain industries.

6 days ago · On a recent episode of “The Joe Rogan Experience,” renowned tech investor and entrepreneur, Marc Andreessen, revealed thirty tech founders who were debanked over the …

Mar 30, 2023 · Debanking is an attempt by major financial services corporations to close accounts of organizations or individuals with whom they disagree, whether politically or religiously.

Dec 10, 2024 · At least one bank industry trade group says debanking is a real issue — and one that’s caused by government regulators’ pressure.