Top Bank Executives Reveal Obama Pressured Them To Debank Conservatives | JP
The truth always comes to light.
Major bank executives have spoken out and revealed they were under pressure from both the Obama and Biden administrations to debank conservatives.
The executives revealed that the Obama and Biden administrations initiated Operation Choke Point and Operation Choke Point 2.0 in an attempt to target conservatives by pressuring banks through regulatory measures.
Of course Obama and Biden did this. . . Bank executives blow the whistle on how Obama, Biden admins pressured them to debank conservatives. https://t.co/gBcBaw64Wu
— Ned Ryun (@nedryun) August 19, 2025
Fox Business broke the story and spoke to the executive exclusively:
In the wake of President Donald Trump’s executive order outlawing debanking, major bank executives told Fox News Digital that they were under pressure by the Obama and Biden administrations to deny services to individuals and businesses for political reasons.
“Those pressures were very, very real. When your regulator gives you a suggestion, it’s not a suggestion, it’s an order. The political stuff is very real, those pressures are real,” a senior banking executive told Fox News Digital.
Debanking refers to the practice of banks closing accounts or denying services to individuals or businesses, often with no explanation. The practice originated as part of federal anti-money laundering laws and regulations. An entity can be debanked after its transactions are marked suspicious, but in recent years, conservative and religious groups have accused banks of discriminating against them for their beliefs.
Fox News Digital spoke with two executives at leading U.S. banks, who asked to remain anonymous, fearing reprisals.
The executives said that ambiguity in federal laws was exploited by regulators under the Obama and Biden administrations in order to pursue political objectives. According to one executive, banks were pressured to deny services to certain industries as part of Operation Choke Point and Operation Choke Point 2.0.
“When there’s ambiguity in the law, beauty is in the eye of the beholder, and for a long time the beholder was the Obama and Biden administration,” the official said.
President Trump was famously debanked from JPMorgan and Bank of America.
🚨TRUMP SAYS HE GOT “DEBANKED”.
🇺🇸Trump says JPMorgan & Bank of America “discriminated” him — asking him to close his accounts & rejecting $1B+ in deposits.
Now an executive order targeting debanking is coming.🔥 pic.twitter.com/CumwoOunXd
— Coin Bureau (@coinbureau) August 6, 2025
He has since issued an executive order to stop the practice:
DISMANTLING DEBANKING: President Trump signs an Executive Order aiming to hold bank companies accountable for alleged discrimination against conservatives.
After many Americans – including President Trump and First Lady Melania – claim their bank accounts were terminated due to… pic.twitter.com/9hdGZr65Ho
— FRONTLINES (@FrontlinesTPUSA) August 7, 2025
Here’s Trump’s official executive order on stopping the debanking of conservatives:
Today, President Donald J. Trump signed an Executive Order to ensure that Federal regulators do not promote policies and practices that allow financial institutions to deny or restrict services based on political beliefs, religious beliefs, or lawful business activities, ensuring fair access to banking for all Americans.
The Order directs Federal banking regulators to remove reputational risk and other equivalent concepts that enable politicized or unlawful debanking from their guidance, examination manuals and other materials.
The Order instructs the Small Business Administration to require all financial institutions subject to its jurisdiction to make reasonable efforts to reinstate clients and potential clients previously denied services due to unlawful debanking.
The Order directs the Secretary of the Treasury, in consultation with the Assistant to the President for Economic Policy, to develop a comprehensive strategy to further combat politicized or unlawful debanking activities, including potential legislative or regulatory solutions.
The Order requires Federal banking regulators to review financial institutions for past or current policies encouraging politicized or unlawful debanking and take remedial actions, including fines or consent decrees.The Order further requires Federal banking regulators to review supervisory and complaint data for instances of unlawful debanking based on religion and refer such cases to the Attorney General.
ADDRESSING UNFAIR BANKING PRACTICES: President Trump believes that no American should be denied access to financial services because of their political or religious beliefs, and that banking decisions must solely be made on the basis of individualized, objective, and risk-based analyses.