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debanking, tim scott and Bill Hagerty

Senate panel advances debanking reform, first digital assets bill

The Senate Banking Committee advanced bills to create a regulatory framework for dollar-denominated stablecoins and to prevent debanking due to "reputational risk."

Axios on MSN · 1d

Senate Banking advances Scott's debanking bill

The Senate Banking Committee voted Thursday to advance legislation seeking to strike "reputational risk" from the toolkit of U.S. regulators considering vulnerabilities at financial institutions. Why it matters: Supporters of the FIRM Act argue that it removes a subjective standard open to abuse by administrations looking to target disfavored industries.

The Hill on MSN · 8d

Tim Scott unveils bill targeting debanking

Senate Banking Committee Chair Tim Scott (R-S.C.) unveiled legislation Thursday taking aim at debanking. Debanking — the closure of accounts that banks consider risky, often with little notice

What is debanking? GA Senator Blake Tillery speaks out for Trump after Capital One lawsuit

A Georgia Senate bill against unjustified bank account closures was recently defeated. GA Senator Blake Tillery goes off on debanking, supports Trump ...

Alabama Political Reporter3d

Britt joins Banking Committee Republicans in introducing bill against debanking practices

Debanking occurs when a financial institution closes an account they consider to be risky or which could incur reputational ...

Banking Dive4d

Trump Organization accuses ‘woke’ Capital One of de-banking

The lender de-banked some 300 Trump Organization accounts because it believed “the political tide at the moment favored doing ...

7don MSN

Trump Organization, Eric Trump sue Capital One for 'unjustifiable' 2021 debanking based on 'woke' beliefs

The Trump Organization is suing Capital One after the bank "unjustifiably' terminated more than 300 of the company’s bank accounts in 2021, Eric Trump told Fox News Digital.