Banking
Jun. 23, 2025
Banking on neutrality: Rising tensions and the new risks of debanking
As accusations of politically motivated "debanking" grow louder, from religious groups to crypto firms, regulators and courts are stepping in, urging banks to adopt viewpoint-neutral policies that protect both financial access and First Amendment principles.
Diane Cafferata
Partner
Quinn, Emanuel, Urquhart & Sullivan LLP
Phone: (213) 443-3000
The financial industry has found itself at the center of a growing controversy: unlawful "debanking," or the denial, restriction, or termination of banking services to individuals or organizations based on a customer's political views, religious beliefs, or other prohibited factors. Critics warn that today's debanking concerns carry unsettling historical echoes - recalling how regimes like Nazi Germany used financial exclusion as a tool of persecution. Instead, financial inst...
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