{"id":1455014,"date":"2022-04-27T08:01:57","date_gmt":"2022-04-27T12:01:57","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1455014"},"modified":"2022-04-27T08:02:03","modified_gmt":"2022-04-27T12:02:03","slug":"this-forthcoming-credit-card-will-allow-you-to-avoid-financing-woke-banks","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/this-forthcoming-credit-card-will-allow-you-to-avoid-financing-woke-banks\/","title":{"rendered":"This Forthcoming Credit Card Will Allow You To Avoid Financing Woke Banks"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fthis-forthcoming-credit-card-will-allow-you-to-avoid-financing-woke-banks%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1455014&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/04\/4171023612_d110f9792f_k-1-e1651018411548.jpg\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>A new credit card will allow conservatives to counter the compulsory financing of woke financial institutions with profits sent to right-of-center charities.<\/p>\n<p>Frustrated by big banks embracing Environmental, Social and Governance (ESG) standards to the detriment of conservative values and working-class families, a team of prominent Republican operatives is capitalizing on the need to build new institutions able to compete with elite hostility. <\/p>\n<p>Rob Collins, a Republican lobbyist and former executive director of the National Republican Senatorial Committee (NRSC), is part of the new venture called \u201c<a href=\"https:\/\/www.coign.com\/\">Coign<\/a>\u201d (pronounced \u201ccoin\u201d). He told The Federalist its credit cards will be ready to consumers with no annual fee \u201cwithin weeks\u201d and ready to facilitate transactions. While Collins said the company was ahead, its official launch remains at the mercy of industry supply chain woes that are currently restricting access to microchips.<\/p>\n<p>The card offers 1 percent unlimited cash back on all purchases to entice consumers to sign up. A portion of corporate profits will be sent to organizations working on issues important to right-of-center voters. Three different designs will be available.<\/p>\n<p>\u201cConservatives are using their cards, and that adds up to billions and billions of dollars in commerce that have been used to undermine the things we believe in,\u201d Collins said. His business partners include high-profile names such as former Colorado Sen. Cory Gardner and Republican strategist Chris Hansen, <a href=\"https:\/\/www.washingtonexaminer.com\/news\/ex-senator-and-top-gop-operatives-launch-conservative-credit-card-alternative\">according<\/a> to the Washington Examiner. \u201cWhen we\u2019re all chopped up into different cards and accounts, it\u2019s easy to roll over us.\u201d<\/p>\n<p>While no one event motivated Collins to move on the project, the start-up founder who helped Republicans recapture the Senate in 2014 said it was born out of frustration conservatives were \u201ctreated as a fringe movement in the public square.\u201d<\/p>\n<p>\u201cWe\u2019re the biggest ideological group in America, but we don\u2019t act like it and we don\u2019t get treated that way,\u201d Collins said, who began research for the new venture two years ago as the financial industry slowly crept into the center of the culture wars. <\/p>\n<p>In 2019, JPMorgan Chase was <a href=\"https:\/\/nypost.com\/2019\/05\/25\/jpmorgan-chase-accused-of-purging-accounts-of-conservative-activists\/\">accused<\/a> of purging the accounts of conservative activists. The bank <a href=\"https:\/\/nationalcenter.org\/ncppr\/2019\/05\/21\/chase-ceo-denies-debanking-conservatives\/\">denied <\/a>the allegations, but two years later <a href=\"https:\/\/www.cnbc.com\/2021\/06\/04\/jpmorgan-resumes-political-giving-freezes-out-republicans-who-contested-2020-election.html\">froze donations<\/a> to Republicans who contested the 2020 election outcome. <\/p>\n<p>The company was also caught last year refusing service to a conservative group over an event that featured Donald Trump Jr. <a href=\"https:\/\/www.foxbusiness.com\/politics\/chase-bank-missouri-conservative-group\">According<\/a> to Fox Business, the bank cited its terms of service which barred business with anyone who promotes \u201chate, violence, racial intolerance, terrorism, the financial exploitation of a crime[.]\u201d JPMorgan Chase only reversed course after a threat from Missouri Republican Treasurer Scott Fitzpatrick to cut off state business from CEO Jamie Dimon\u2019s financial empire. <\/p>\n<p>In West Virginia, Republican Treasurer Riley Moore already pulled the trigger on <a href=\"https:\/\/thefederalist.com\/2022\/01\/18\/west-virginia-treasurer-riley-moore-drops-blackrock-over-woke-capitalism\/\">eliminating <\/a>the state\u2019s relationship with BlackRock over the firm\u2019s animosity towards fossil fuels and commitment to Communist China.<\/p>\n<p>\u201cAs the state\u2019s chief financial officer and chairman of the Board of Treasury Investments, I have a duty to ensure that taxpayer dollars are managed in a responsible, financially sound fashion which reflects the best interests of our state and country,\u201d Moore said in a press release announcing the decision. \u201cI believe doing business with BlackRock runs contrary to that duty.\u201d<\/p>\n<p>Moore also <a href=\"https:\/\/thefederalist.com\/2021\/11\/30\/15-states-threaten-to-pull-600-billion-from-banks-that-wont-give-equal-service-to-energy-industry\/\">led a coalition<\/a> of 15 states pledging to park $600 billion in taxpayer assets elsewhere from firms that refuse investment in fossil fuels to comply with ESG standards of net-zero emissions. Wall Street\u2019s refusal to invest in the capital- and labor-intensive industry has been a primary obstacle to domestic energy production while hampering growth in states with abundant natural resources. <\/p>\n<p>Ellen Wald, a senior fellow at the Atlantic Council\u2019s Global Energy Center, <a href=\"https:\/\/thehill.com\/opinion\/finance\/532159-redlining-2021-banks-are-denying-financial-services-based-on-morality\/\">described<\/a> Wall Street\u2019s financial activism offering services based on left-wing standards of morality as a \u201cnew version of redlining\u201d in The Hill.<\/p>\n<p>While specific charities that stand to benefit from Coign have yet to be announced, Collins said groups working on issues related to veterans, education, and religious freedom are examples of organizations that might be chose. He added that list was far from exhaustive. Card holders will be able to vote for different charities on a regular basis, with options based on non-profits\u2019 transparency and effectiveness. <\/p>\n<p>\u201cWe want to do for charities what WinRed has done for political giving, which is allow millions of smaller donors to have an impact,\u201d Collins said about opening a new avenue open for silent conservatives to make their voices heard without a major commitment. <\/p>\n<hr class=\"wp-block-separator\" \/>\n<p>\n  Tristan Justice is the western correspondent for The Federalist. He has also written for The Washington Examiner and The Daily Signal. His work has also been featured in Real Clear Politics and Fox News. Tristan graduated from George Washington University where he majored in political science and minored in journalism. Follow him on Twitter at @JusticeTristan or contact him at Tristan@thefederalist.com.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new credit card will allow conservatives to counter the compulsory financing of woke financial institutions with profits sent to right-of-center charities. Frustrated by big banks embracing Environmental, Social and<\/p>\n","protected":false},"author":494,"featured_media":2315279,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1455014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1455014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/494"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1455014"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1455014\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1455014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1455014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1455014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}