Once Excluded Industries Hope to Secure Banking Ties Under New Administration
The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing earlier this month to explore the effects debanking has had on American businesses and consumers. The hearing — “Investigating the Real Impacts of Debanking in America” — gave banking and business leaders the opportunity to present testimony on the impact debanking has had on their organizations. Debanking occurs when a bank terminates a customer’s bank account. Banks close accounts belonging... read more »
