Trumps Claims Discrimination by Banks Ahead of ‘Debanking’ Crackdown
New York Times1 day
Trump Prepares Executive Order on 'Debanking' Claims
Above: U.S. President Donald Trump waves from the roof of the White House on August 5, 2025. Image copyright: Win McNamee/Getty Images
The Spin
Republican narrative
The evidence is clear — from Trump's own experience to countless other conservatives being shut out — banks have been systematically targeting conservatives through discriminatory debanking practices. An executive order from Trump will finally hold these institutions accountable for their political bias.
Democratic narrative
Trump's accusations are outrageous and his executive order would be government overreach. Banks make decisions based on regulatory compliance and risk management, not political views. If they discriminated for any reason they'd be in violation of strict anti-money laundering laws and oversight requirements.