DOJ Probes Big Banks For Alleged "Debanking" Of Clients

DOJ Probes Big Banks For Alleged "Debanking" Of Clients The US Dept of Justice is intensifying scrutiny of some of the country’s largest financial institutions over allegations that customers were denied banking services, or "debanked" for political or ideological reasons, according to the Wall Street Journal. The US Attorney’s Office for the District of Columbia, led by Jeanine Pirro, has reportedly issued subpoenas to several major banks, including JPMorgan Chase, Bank of America, and Wells Fargo. Investigators are seeking information on account closures, customer offboarding decisions, and internal records explaining why...