Biden Administration Suspends Rule Protecting Businesses From Banking Discrimination


Why? Because they are in the wrong business.

(From Reason)

The Biden administration has rolled back a Trump-era regulation meant to protect politically disfavored businesses, like gun manufacturers and cryptocurrency exchanges, from being categorically denied banking services…

… It stated that “banks should conduct risk assessment of individual customers, rather than make broad-based decisions affecting whole categories or classes of customers when provisioning access to services, capital, and credit.”

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