Imagine this: You run a successful business. You pay your bills. You have done nothing wrong. Then one day, you get a letter from your bank saying your accounts are being closed with no explanation, just “policy.” The truth? You gave money to a conservative cause, you posted the wrong opinion online, or your industry is not politically correct enough for the woke elites running Wall Street.
That is not some conspiracy theory. That has been real life for the past 10 years.
The Wall Street Journal recently reported that President Trump has signed an executive order directing regulators to investigate whether banks are discriminating against customers for political reasons. It is a great first step, but it is not enough.
We do not just need a policy. We need to implement the policy.
If President Trump wants to strike back against the left’s growing financial censorship, the most powerful thing he can do right now is tell every American who has been de-banked: If your bank discriminated against you, tell us. Put it in writing. Send it to the right regulator. Help us build the case.
The White House, through the Office of the Comptroller of the Currency (OCC) and other agencies, should make it clear: we are collecting real examples of discrimination. We want to know when banks are closing accounts because of your political affiliation, your religious beliefs, your business type, or even who you voted for. It is time to put this on the record and put the banks on notice.
The left already uses these agencies to choke out entire industries through “reputational risk” policies and ESG mandates. They have shut down accounts tied to Christian ministries, pro-border security companies, gun manufacturers and dealers, prison companies, and yes, even President Trump himself. It’s been alleged that JPMorgan Chase dropped Trump personally after January 6, even though he had been “very good to the banks,” as he put it.
This is not capitalism. It is soft tyranny.
That is why we do not just need rules. We need real stories. And we need the federal government to say: If this happened to you, we will listen. And we will act.
So what can you do? Well, if your bank has canceled your account, denied you credit, or treated you unfairly because of your political beliefs or lawful business type, here is where to file a complaint:
OCC for national banks like JPMorgan or Bank of America (helpwithmybank.gov), Federal Deposit Insurance Corporation for state-chartered, non-Federal Reserve banks (fdic.gov/consumer-assistance-center), Consumer Financial Protection Bureau for most financial services complaints (consumerfinance.gov/complaint), DOJ Civil Rights Division for patterns of discrimination under the Equal Credit Opportunity Act (civilrights.justice.gov/report), Federal Reserve Consumer Help for member banks (federalreserveconsumerhelp.gov), and FFIEC Consumer Help Center if you are not sure who regulates your bank (ffiec.gov/consumercenter).
When filing, include the name of the bank, date of action, type of account affected, and any correspondence or documents that support your case. Be specific about how you believe the action was politically or ideologically motivated.
Every complaint builds the case. The more real-world examples we submit, the harder it becomes for banks and regulators to ignore or deny the problem. Now is the time to act.
President Trump and his administration have a golden opportunity to show the American people that the weaponization of finance against conservatives will no longer go unanswered. An executive order is helpful, but going further is essential.
The OCC, CFPB, and other regulators should not only investigate but actively invite complaints from conservatives who have been shut out, punished, or blacklisted. This is how we gather evidence, pressure the banks, and turn the tables on the left.
We have spent years being canceled on social media. Now they are canceling us at the bank.
We have heard from clients who are quietly scared. They are worried about being punished for giving to the wrong candidate. They do not want their investments propping up companies hostile to their values. And they are done funding the very people who are trying to destroy them.
We need courage. We need clarity. And we need a conservative administration that does not just talk about fighting back but actually does.
Mr. President, use the power of the executive branch to give the people a voice. Tell them where to go. Tell them how to report. Let us expose this discrimination and use the system against those who thought they could weaponize us into silence.
Because if we do not act now, the question will not be who the banks cancel next. It will be: who is left to cancel at all.
Bob Rubin is the President of Rubin Wealth Advisors, learn more at https://rubinwa.com
The views and opinions expressed in this commentary are those of the author and do not reflect the official position of the Daily Caller News Foundation.
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