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Debanking: What it is, and why a federal solution is needed

Madi Clark

Debanking: What it is, and why a federal solution is needed

Anger and frustration with debanking are understandable, as some believe financial institutions may do away with business that doesn’t fit a certain political agenda. However, the proposal accepted by the Idaho legislature in Senate Bill 1027 and signed by the Governor in March may make matters worse for banks and their customers. SB 1027 attempts a heroic defense of victimized banking customers, but it may attack the wrong enemy.

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