{"id":1938706,"date":"2023-05-26T10:43:08","date_gmt":"2023-05-26T14:43:08","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-york-city-officials-freeze-accounts-after-banks-fail-to-submit-anti-discrimination-plans\/"},"modified":"2023-05-26T10:45:34","modified_gmt":"2023-05-26T14:45:34","slug":"new-york-city-officials-freeze-accounts-after-banks-fail-to-submit-anti-discrimination-plans","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-york-city-officials-freeze-accounts-after-banks-fail-to-submit-anti-discrimination-plans\/","title":{"rendered":"NYC Freezes Accounts Due to Banks&#8217; Lack of Anti-Discrimination Plans."},"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\">20<\/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%2Fnew-york-city-officials-freeze-accounts-after-banks-fail-to-submit-anti-discrimination-plans%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=1938706&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--><h2>New York City Limits Bank Deposits After Anti-Discrimination Plan Failures<\/h2>\n<p>Officials in <a href=\"https:\/\/www.dailywire.com\/topic\/new-york-city\" target=\"_blank\" rel=\"noopener\">New York City<\/a> have taken action against Capital One and KeyBank after the financial institutions failed to submit required <a href=\"https:\/\/www.dailywire.com\/topic\/diversity\" target=\"_blank\" rel=\"noopener\">anti-discrimination<\/a> plans. The city issued <a href=\"https:\/\/comptroller.nyc.gov\/newsroom\/new-york-city-banking-commission-announces-measures-to-ensure-citys-designated-banks-more-accountable-to-the-public2\/\" target=\"_blank\" rel=\"noopener\">mandates<\/a> earlier this year for banks which hold public funds to detail \u201cspecific steps to combat different forms of discrimination in their operations.\u201d<\/p>\n<blockquote>\n<p>\u201cBanks seeking to do business with New York City must demonstrate that they will be responsible managers of public funds and responsible actors in our communities,\u201d said New York City Comptroller Brad Lander.<\/p>\n<\/blockquote>\n<p>Capital One held $7.2 million in city funds at the end of last month, while KeyBank held $10 million in city funds. Officials voted to freeze new deposits at the two companies for as many as two years, while Lander contended that International Finance Bank, PNC Bank, and Wells Fargo also neglected to comply with the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/how-georgetown-law-school-used-ilya-shapiros-apology-against-him\/\" title=\"How Georgetown Law School Used Ilya Shapiro\u2019s Apology Against Him\">anti-discrimination policies<\/a>.<\/p>\n<h3>Criticism of ESG Movement<\/h3>\n<p>New York City officials received criticism for compelling banks to comply with the environmental, social, and corporate governance movement, also known as ESG, which asserts that businesses should leverage their financial power to advance certain social objectives.<\/p>\n<blockquote>\n<p>\u201cBanks only discriminate based on competence and credit worthiness,\u201d said stockbroker and financial commentator Peter Schiff. He claimed that New York City wants banks to \u201chire and make loans to minority applicants, even if they are less qualified and more likely to default.\u201d<\/p>\n<\/blockquote>\n<p>Democratic officials have indeed introduced policies which would introduce considerations for personal loans divorced from the debtor\u2019s financial responsibility. Republican state financial officers have written in a <a href=\"https:\/\/www.dailywire.com\/news\/state-treasurers-urge-biden-to-end-mortgage-policy-that-penalizes-stable-buyers-to-give-risky-buyers-a-discount\" target=\"_blank\" rel=\"noopener\">letter<\/a> to President Joe Biden and Federal Housing Finance Agency Director Sandra Thompson that the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-york-city-officials-freeze-accounts-after-banks-fail-to-submit-anti-discrimination-plans\/\" title=\"NYC Freezes Accounts Due to Banks' Lack of Anti-Discrimination Plans.\">move renders home purchases \u201csignificantly<\/a> more expensive\u201d for families with strong credit.<\/p>\n<h3>Advisory Committee on Racial Equity<\/h3>\n<p>Treasury Secretary Janet Yellen likewise <a href=\"https:\/\/www.dailywire.com\/news\/bidens-treasury-advisory-committee-on-racial-equity-to-be-led-by-defund-the-police-advocate-former-philadelphia-mayor\" target=\"_blank\" rel=\"noopener\">launched<\/a> an Advisory Committee on Racial Equity at the end of last year to consider \u201cefforts to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/obamas-longest-serving-cabinet-member-confirmed-to-bidens-cabinet\/\" title=\"Obama\u2019s Longest-Serving Cabinet Member Confirmed To Biden\u2019s Cabinet\">advance <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-administration-democrats-push-reformed-voting-rights-laws\/\" title=\"Biden administration, Democrats push reformed voting rights laws\">racial equity<\/a><\/a> in the economy and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-treasury-advisory-committee-on-racial-equity-to-be-led-by-defund-the-police-advocate-former-philadelphia-mayor\/\" title=\"Biden\u2019s \u2018Treasury Advisory Committee On Racial Equity\u2019 To Be Led By \u2018Defund The Police\u2019 Advocate, Former Philadelphia Mayor\">address acute disparities<\/a> for communities of color.\u201d<\/p>\n<p><b><a href=\"https:\/\/onelink.to\/dwapp\" target=\"_blank\" rel=\"noopener noreferrer\" aria-describedby=\"sk-tooltip-9096\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/onelink.to\/dwapp&#038;source=gmail&#038;ust=1685124530010000&#038;usg=AOvVaw2IMwz0_UmyM8nO4-uO1BT-\">CLICK HERE TO GET THE DAILYWIRE+ APP<\/a><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York City officials on Thursday stated that Capital One and KeyBank had their account deposits limited due to their failure to submit anti-discrimination plans. Earlier this year, the city mandated that banks holding public funds must outline measures to combat discrimination in their operations.<\/p>\n","protected":false},"author":99,"featured_media":1938707,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[5018,27711,8961,11823,7557,7332,3641],"class_list":["post-1938706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire","tag-accounts","tag-anti-discrimination","tag-banks","tag-freezes","tag-lack","tag-nyc","tag-plans"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1938706","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\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1938706"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1938706\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1938707"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1938706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1938706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1938706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}