Manage episode 514900038 series 3343739
Federal regulators are finally investigating debanking.
The Wall Street Journal reports that agencies like the FDIC and OCC are ordering banks to review account closures and identify cases where customers were shut out for political or religious reasons.
This didn’t happen by accident. Groups like the Heritage Foundation, the American Family Association, Alliance Defending Freedom and investors like David Bahnsen pushed hard. Alexander Saeedy of the Wall Street Journal reports that banks are already reversing debanking policies in response to shareholder engagement.
My own firm—Bowyer Research helped lead that charge—filing proposals, exposing abuses, and working with red-state treasurers like Todd Russ to hold banks accountable.
Now it’s your turn. Ask your advisor: Do you know how your money was voted last season? Do you know how it will be voted this season? Do you know how your church’s or favorite ministry’s pension plan voted with its shares on debanking?
It’s time to get up to speed—and demand answers.
See omnystudio.com/listener for privacy information.
4214 episodes