Campbell’s testimony focused on the need for banking reform, and offered specific recommendations to ensure that debanking for political reasons never happens in the US again. He called for written, public banking guidance, disclosure of account closures, and an end to regulators using “reputational risk” as a pretext for debanking customers. Without reform, he warned, future administrations could use the same tactics to debank any disfavored industry.
You are viewing a single comment's thread from: