{"id":2684551,"date":"2026-10-15T08:04:02","date_gmt":"2026-10-15T12:04:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/utm_sourcerssutm_mediumrssutm_campaignbombshell-report-big-banks-debanked-maga-and-the-lefts-other-political-enemies\/"},"modified":"2026-10-15T08:06:34","modified_gmt":"2026-10-15T12:06:34","slug":"utm_sourcerssutm_mediumrssutm_campaignbombshell-report-big-banks-debanked-maga-and-the-lefts-other-political-enemies","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/utm_sourcerssutm_mediumrssutm_campaignbombshell-report-big-banks-debanked-maga-and-the-lefts-other-political-enemies\/","title":{"rendered":"Bombshell Report: Big Banks Debanked &#8216;MAGA&#8217;"},"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\">12<\/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%2Futm_sourcerssutm_mediumrssutm_campaignbombshell-report-big-banks-debanked-maga-and-the-lefts-other-political-enemies%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=2684551&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--><p>The Timothy two Project International (TTPI) has been actively teaching and supporting indigenous pastors in over 70 countries for more than 15 years, focusing on biblical and theological training in impoverished areas. However, in 2020, Bank of America unexpectedly closed TTPI&#8217;s account, citing it as operating a &#8220;business type&#8221; they refused to service, which surprised the organization given its longstanding relationship and accreditation. This pattern of debanking extends across major US banks like JPMorgan Chase,Wells Fargo,and Citibank,frequently enough citing &#8220;reputation risk&#8221; and relying on biased sources such as advocacy groups like the Southern Poverty Law Center (SPLC),which has falsely labeled groups like ADF as hate organizations. The OCC&#8217;s recent report highlights that banks have been discriminating against lawful religious and conservative organizations, influenced by public pressure and ideological bias, which undermines free society principles. Investigations reveal that political and social advocacy, including opposition to left-wing social justice or climate agendas, can result in sudden account closures or restrictions, sometimes after years of service. Efforts led by regulators and legal groups aim to address this politicization, emphasizing that banking decisions should be objective and nonpolitical; however, concerns persist that shifts in political power could reverse these reforms. High-profile cases, including restrictions on organizations like Defense of Liberty and Christian ministries, exemplify ongoing issues with politically motivated debanking, raising alarms about its impact on free speech and religious expression in America.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<div>\n<p>The <a href=\"https:\/\/www.timothytwo.org\" target=\"_blank\" rel=\"noreferrer noopener\">Timothy Two Project International\u2019s<\/a> mission is to do as the Apostle Paul <a href=\"https:\/\/www.biblegateway.com\/passage\/?search=2%20Timothy%202&#038;version=NIV\" target=\"_blank\" rel=\"noreferrer noopener\">instructed<\/a> his protege Timothy: Teach others to teach the Gospel. TTPI has for more than 15 years reached indigenous pastors in some 70 countries \u2014 in some of the more impoverished places on Earth where there is little or no formal biblical and theological training available. <\/p>\n<p>In 2020, Bank of America canceled the nonprofit\u2019s account, an account the Timothy Two Project had held since 2011. Suddenly, inexplicably, TTPI was \u201c<a href=\"https:\/\/occ.gov\/news-issuances\/news-releases\/2026\/nr-occ-2026-90a.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">operating a business type we have chosen not to service,<\/a>\u201d according to the financial services titan. <\/p>\n<p>Steve Curtis, TTPI\u2019s international director, <a href=\"https:\/\/www.washingtonexaminer.com\/opinion\/beltway-confidential\/2748853\/why-is-bank-of-america-canceling-the-accounts-of-religious-organizations\/?srsltid=AU7gw4VFpbWfYk7rrPQB24dXWbgrGXO1df8VvUWXqQ8vs916-yr6Fikc\" target=\"_blank\" rel=\"noreferrer noopener\">explained<\/a> in the Washington Examiner in 2023 that the notice came out of the blue. <\/p>\n<p>\u201cWe opened our Bank of America account in 2011, and used it to make small grants and pay our largely U.S.-based staff members. Our ministry focus has stayed consistent in whatever may qualify as a \u2018business type\u2019 since we started our bank account, and we are accredited with the Evangelical Council for Financial Accountability,\u201d Curtis wrote. \u201cSo we were surprised and confused by the bank\u2019s decision.\u201d<\/p>\n<p>Major financial institutes were \u201cdebanking\u201d all manner of right-of-center individuals and organizations during the Biden years, a scary era of prosecution and persecution of the left\u2019s political enemies. <\/p>\n<p>Bank of America, JPMorgan Chase, U.S. Bank, Citibank, <a href=\"https:\/\/nypost.com\/2026\/10\/07\/business\/wells-fargo-shares-dip-as-hud-probes-programs-to-boost-black-homeownership\/\" target=\"_blank\" rel=\"noreferrer noopener\">Wells Fargo,<\/a> and several other mammoth U.S. financial institutions cited <a href=\"https:\/\/www.occ.gov\/news-issuances\/bulletins\/2026\/bulletin-2026-12.html\" target=\"_blank\" rel=\"noreferrer noopener\">\u201creputation risk\u201d<\/a> in denying service to American consumers between 2020 and 2025, according to a damning new <a href=\"https:\/\/occ.gov\/news-issuances\/news-releases\/2026\/nr-occ-2026-90a.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">report<\/a> issued by the Office of the Comptroller of the Currency (OCC). The 45-page report titled, \u201cDebanked: Guaranteeing Fair Banking for All Americans,\u201d is an indictment on the left\u2019s cancel culture fury and the Goliath banks that were \u201cwilling or unwitting accomplices\u201d in the sweeping silencing treatment, said Jeremy Tedesco, special counsel for Alliance Defending Freedom.<\/p>\n<h2>\u2018Now We Have the Goods\u2019<\/h2>\n<p>ADF and other First Amendment defenders had for years warned of a growing debanking effort targeting \u201cdisfavored\u201d organizations and industries \u2014 aka the left\u2019s ideological enemies. Tedesco said critics scoffed. They said the red flag raisers \u201cdidn\u2019t have the goods.\u201d <\/p>\n<p>\u201cWell now we have the goods,\u201d the civil rights attorney says in an upcoming episode of <em>The Federalist Radio Hour<\/em>. \u201cWe have the biggest banking regulator in the U.S. government saying, \u2018This is happening, and it\u2019s happening at a wide scale at the biggest banks in the country.\u2019\u201d<\/p>\n<figure>\n<p><span><\/p>\n<blockquote data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Under the leadership of <a href=\"https:\/\/x.com\/POTUS?ref_src=twsrc%5Etfw\">@POTUS<\/a> and <a href=\"https:\/\/x.com\/SecScottBessent?ref_src=twsrc%5Etfw\">@SecScottBessent<\/a>, <a href=\"https:\/\/x.com\/USComptroller?ref_src=twsrc%5Etfw\">@USComptroller<\/a> Jonathan V. Gould is ending the weaponization of finance. Read about the OCC\u2019s supervisory review of debanking activities in its nine largest national banks and its efforts to guarantee fair banking for all\u2026 <a href=\"https:\/\/t.co\/ZQ2X6ciSOd\">pic.twitter.com\/ZQ2X6ciSOd<\/a><\/p>\n<p>\u2014 OCC (@USOCC) <a href=\"https:\/\/x.com\/USOCC\/status\/2110332560765042793?ref_src=twsrc%5Etfw\">October 14, 2026<\/a><\/p><\/blockquote>\n<p><\/span> <\/p>\n<\/figure>\n<p>ADF has represented several clients that have had their bank accounts shut down <a href=\"https:\/\/adflegal.org\/campaign\/debanking\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u201cunexpectedly<\/a> with minimal or hollow explanations.\u201d Its website provides a <a href=\"https:\/\/adflegal.org\/campaign\/debanking\/\" target=\"_blank\" rel=\"noreferrer noopener\">page<\/a> for victims to report debanking incidents. <\/p>\n<p>ADF\u2019s clients include <a href=\"https:\/\/indigenousadvance.org\" target=\"_blank\" rel=\"noreferrer noopener\">Indigenous Advance Ministries,<\/a> a Christian organization akin to the Timothy Two Project that serves Uganda faith communities. The organization received similar letters in 2023 from its financial services provider, Bank of America, notifying the ministry that its accounts would be closed. Why? The big bank determined Indigenous Advance was \u201coperating in a business type we have chosen not to service.\u201d After an eight-year relationship, why did BOA suddenly decide not to provide financial services to the Christian organization? <\/p>\n<p>The answer is manifold. But in many cases, according to the OCC report, the banks succumbed to public pressure from far-left groups like the notorious <a href=\"https:\/\/thefederalist.com\/2026\/08\/13\/the-new-indictment-of-a-former-splc-executive-comes-with-a-bunch-of-unanswered-questions\/\" target=\"_blank\" rel=\"noreferrer noopener\">Southern Poverty Law Center.<\/a> SPLC, now under federal indictment on fraud allegations, has <a href=\"https:\/\/amzn.to\/3YuVZYV\" >spent years falsely accusing conservatives<\/a> and right-of-center groups of being \u201chate groups,\u201d white supremacists, terror organizations. It\u2019s all done in the name of \u201creputation risk.\u201d<\/p>\n<p>\u201cThe banks relied on various sources to inform these decisions, including the results of negative news and other background screenings aimed at searching public and nonpublic sources for unfavorable information,\u201d the report states. <\/p>\n<p>\u201cThey also relied on non-traditional sources to inform risk determinations. Examples of these sources included the opinions of advocacy organizations, like the Southern Poverty Law Center, third-party environmental and social governance reports, and complaint data. Reliance on these sources added another layer of potential subjectiveness and bias to an already speculative determination,\u201d it continued.<\/p>\n<p>The SPLC has falsely declared Alliance Defending Freedom a \u201chate group\u201d. As ADF <a href=\"https:\/\/adflegal.org\/article\/the-fbi-finally-kicks-the-splc-to-the-curb\/\" target=\"_blank\" rel=\"noreferrer noopener\">summed up,<\/a> the disgraced leftist SPLC, itself a hate group, used \u201chate\u201d labels and its \u201cHate Map\u201d as \u201clittle more than a smear tactic \u2026 to reputationally harm anyone who dares to oppose its radical ideology.\u201d<\/p>\n<h2>\u2018Bad for a Free Society\u2019<\/h2>\n<p>But it seems the big banks, fearing the big mobs and bad press, caved to the will of myriad activists that forced their agenda on everything from \u201cclimate change\u201d to \u201csocial justice\u201d into the decision-making processes \u2014 who gets an account and who doesn\u2019t. <\/p>\n<p>\u201cIt\u2019s important for Americans to understand a politicized banking industry is bad for a free society,\u201d Tedesco told The Federalist. \u201cWe don\u2019t want banks calling balls and strikes on whose views are allowed in the public square and whose aren\u2019t.\u201d<\/p>\n<p>But that\u2019s exactly what has been happening, according to the Office of the Comptroller of the Currency. <\/p>\n<figure><\/figure>\n<p><em>Credit: The OCC<\/em><\/p>\n<p>The OCC\u2019s investigation was driven by an Aug. 7, 2025 <a href=\"https:\/\/www.whitehouse.gov\/presidential-actions\/2025\/08\/guaranteeing-fair-banking-for-all-americans\/\" target=\"_blank\" rel=\"noreferrer noopener\">executive order<\/a> signed by President Donald Trump. It states that \u201cno American should be denied access to financial services because of their constitutionally or statutorily protected beliefs, affiliations, or political views.\u201d And the EO affirms banking decisions should be based on \u201cindividualized, objective, and risk-based analyses.\u201d No politics and political preferences. <\/p>\n<p>Investigators reviewed nearly 100,000 complaints relating to the banks and other OCC-regulated institutions. OCC also examined complaints from the financial institutions, government agencies, and third parties. And the review included \u201ctransaction testing of hundreds of individual bank decisions during the review period.\u201d<\/p>\n<p>In December, the OCC issued a preliminary report which found that between 2020 and 2023, the banks \u201cmade inappropriate distinctions among customers in the provision of financial services of their lawful business activities.\u201d The banks, according to that report, required escalating reviews and approvals before providing certain customers access. <\/p>\n<h2>\u2018If the Political Winds Shift\u2019<\/h2>\n<p>During the period under review, JPMorgan Chase credit card processor WePay <a href=\"https:\/\/www.foxbusiness.com\/politics\/chase-bank-missouri-conservative-group\" target=\"_blank\" rel=\"noreferrer noopener\">denied payment processing services<\/a> to mainstream GOP-affiliated organization <a href=\"https:\/\/treasurer.mo.gov\/pdf\/JPMorganChaseLetter.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Defense of Liberty.<\/a> The roadblock forced the Missouri-based political action committee to cancel an event featuring Donald Trump, Jr. <\/p>\n<p>Why? <\/p>\n<p>Chase said it would not provide service to anyone who promotes \u201chate, violence, racial intolerance, terrorism, the financial exploitation of a crime \u2026\u201d The bank, which holds north of <a href=\"https:\/\/www.macrotrends.net\/stocks\/charts\/JPM\/jpmorgan-chase\/total-assets\" target=\"_blank\" rel=\"noreferrer noopener\">$5 trillion<\/a> in assets, reversed its position following public pressure led by Sen. Josh Hawley, R-Mo., and Missouri treasurer Scott Fitzpatrick. <\/p>\n<p>The banks\u2019 reputation risk screening systems balked at terms such as \u201cAmerica First,\u201d \u201cMake America Great,\u201d and \u201cMAGA\u201d tracked on websites, profiles, and transaction data, according to the report. Several alert terms were added following the Jan. 6, 2021 riots at the Capitol. <\/p>\n<figure><\/figure>\n<p><em>Credit: The OCC<\/em><\/p>\n<p>A JPMorgan spokesperson told CBS News that the bank\u2019s policies prohibit discrimination \u201cbased on political or religious views.\u201d The official said WePay\u2019s processes \u201cdid not meet our expectations. We identified it, corrected it, and the business no longer operates.\u201d<\/p>\n<p>But Tedesco said the problems persist. <\/p>\n<p>\u201cI don\u2019t think we\u2019ll ever be rid of this,\u201d the ADF attorney said. <\/p>\n<p>Combatting such discriminatory conduct will take litigation, legislative reform and, maybe more importantly, internal bank reforms that need to happen, he said. The Trump administration has made some significant regulatory strides and there is bipartisan support in Congress for protections, Tedesco said. <\/p>\n<p>\u201cBut the reforms are not going to last if the political winds shift,\u201d he warned, foreseeing a return to politically-driven debanking if Democrats wrest control of Congress from Republicans in next month\u2019s midterm elections. <\/p>\n<p>In his op-ed in The Washington Examiner back in 2023, Curtis, the founder and international director of the Timothy Two Project, wrote that he quickly learned his ministry was not alone. He read about Bank of America\u2019s similar punishment of Christian preacher, author, and podcaster Lance Wallnau, who reported the financial services giant had <a href=\"https:\/\/cbn.com\/news\/us\/bank-america-freezes-ministry-account-lance-wallnau-latest-case-banks-canceling-christians\" target=\"_blank\" rel=\"noreferrer noopener\">frozen his account.<\/a> The account was reinstated only after \u201d bank employees forced him to answer a series of invasive questions.\u201d<\/p>\n<p>\u201cHow many Christian ministries has Bank of America canceled in the same way?\u201d Curtis pondered at the time. \u201cIs Bank of America testing the waters to see if Western Christians will stand by idly while their accounts are closed for no reason?\u201d<\/p>\n<hr>\n<p>      Matt Kittle is a senior elections correspondent for The Federalist. An award-winning investigative reporter and 30-year veteran of print, broadcast, and online journalism, Kittle previously served as the executive director of Empower Wisconsin.<\/p>\n<\/p><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TTPI teaches pastors worldwide, fulfilling Paul\u2019s Gospel command<\/p>\n","protected":false},"author":656,"featured_media":2684552,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/thefederalist.com\/wp-content\/uploads\/2026\/10\/Screenshot-2026-10-15-at-1.36.32-AM-1024x584.png","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[14689,12577,87260,36435,63964],"class_list":["post-2684551","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-banking","tag-cryptocurrency","tag-financial-crackdown","tag-financial-news","tag-political-censorship"],"fifu_image_url":"https:\/\/thefederalist.com\/wp-content\/uploads\/2026\/10\/Screenshot-2026-10-15-at-1.36.32-AM-1024x584.png","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2684551","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\/656"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2684551"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2684551\/revisions"}],"predecessor-version":[{"id":2684555,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2684551\/revisions\/2684555"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2684552"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2684551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2684551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2684551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}