Tag #Conservative Discrimination

What are the underlying causes and broader implications of the accusations, considering past allegations and regulatory changes in the banking industry?

Trump's accusations stem from past allegations of de-banking religious groups and startups, potentially linked to increased regulatory scrutiny on higher-risk industries post-2008. Both banks cited reasons for account closures unrelated to political affiliation, including inconsistencies in account activity and failure to meet documentation requirements. The accusations, however, may be fueled by concerns among some conservatives regarding banking practices.