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Donald Trump Orders Crackdown on Politically-Motivated ‘Debanking’

126d ago
Technology
Wired
Donald Trump Orders Crackdown on Politically-Motivated ‘Debanking’
President Trump has issued an executive order targeting what he calls 'politically-motivated debanking.' The order directs federal regulators to investigate and penalize banks accused of discriminating against conservative individuals and specific business types. This move comes amid claims that some financial institutions are unfairly targeting customers based on their political views. The administration argues that such practices stifle free speech and economic activity. Critics, however, worry about potential government overreach and the politicization of financial regulation.
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