IN DEPTH: Banks Take the Lead in Establishing Personal Social Credit System, Critics Charge

Contact Your Elected Officials

UK ministers step in to stop banks from canceling customers for their political views

Large money-center banks appear to be in the vanguard of a movement to build a system of personal social credit scores.

This week, British bank Barclays became the latest to be accused of shutting the accounts of its customers for political or religious reasons. This followed revelations in April that Coutts, a private bank owned by British Bank NatWest, was alleged to have closed the accounts and publicized personal information of conservative politician Nigel Farage, one of the foremost Brexit advocates and a supporter of the policies of former U.S. President Donald Trump. 

And British banks are not alone. Many say that America’s largest banks are in lockstep with UK banks in establishing political and social criteria for their customers, and punishing those who don’t comply.

“Sadly, what we’re seeing now with NatWest and Barclays isn’t surprising,” Justin Haskins, director at the Heartland Institute, told The Epoch Times. “There is a mountain of evidence that shows many of America’s largest and most powerful banks are discriminating against customers because of their ideological, social, cultural, religious, or political views.”

“Through various environmental, social, and governance (ESG) policies and frameworks, banks regularly choose to screen out customers who are deemed ‘reputational risks’ or considered part of industries disfavored by elites and their powerful institutions,” Mr. Haskins said.

UK Ministers Find Fault With Discriminating Banks

In contrast to the United States, where regulators have taken no action, UK ministers have stepped in to defend their citizens against political discrimination. 

“Andrew Griffith, the economic secretary of the UK, met with some of the major banks recently and got them all to commit to a principle of non-discrimination, based on lawful expression,” Michael Ross, counsel for the Alliance Defending Freedom (ADF), told The Epoch Times.

In addition, laws are currently in works to ban UK banks from discriminating against customers on a political or religious basis.

By Kevin Stocklin

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

The Choices We Make

Death and disagreement are inevitable. Love and hate are choices. We will all die. Before we do, what choices will we make?

Elon Musk Speaks at Unite the Kingdom Rally

Tommy Robinson held rally, with Elon Musk appearing virtually, calling attention to leftist politicians who allow foreign immigrants to invade England.

Doxed Democrats Are Getting Fired Left and Left

Not a misprint because a title of “left and...

Hold Up, Feds, Without Federalism, There Is No USA

Federalism is essential to governing the U.S., yet the federal government is undermining it by bribing states to implement unnecessary federal programs.

A Widow Inspires The World

Erika Kirk moved the nation with her speech two days after her husband’s assassination, vowing to continue his mission and grow Turning Point USA.

Parents Sue Character.AI for Allegedly Leading Kids to Sexual Abuse, Suicidal Behavior

Parents allege in three lawsuits that Character.AI’s chatbots sexually abused their children and drove them toward suicidal thoughts and behavior.

Tyler Robinson Makes First Appearance in Court, Faces Capital Murder Charge in Charlie Kirk Assassination

Tyler Robinson remained motionless throughout his first court appearance on capital murder and other charges after the shooting death of Charlie Kirk.

Trump to Appeal Ruling Allowing Fed Governor Lisa Cook to Keep Her Job

The Trump admin will appeal a three-judge panel’s ruling that prevents the president from firing Federal Reserve Governor Lisa Cook.

Charlie Kirk’s Alleged Murderer Confessed Shortly After Shooting, Messages Show

The man accused of murdering conservative influencer Charlie Kirk confessed to the killing in text messages, authorities said on Sept. 16.

Rubio Says US Visa Revocations Underway After Charlie Kirk Death Celebrations

SoS Marco Rubio said foreign nationals who made celebratory comments over Charlie Kirk’s assassination will have their U.S. visas revoked.

Trump Supports Designating Antifa a Terrorist Organization

President Trump said he would support designating the antifa movement a terrorist organization in the wake of Charlie Kirk’s assassination last week.

US Conducts Strike on Another Drug Boat From Venezuela: Trump

Three people were killed in a U.S. strike on a Venezuelan drug boat, President Donald Trump announced on Sept. 15.

Trump Signs Memo Targeting Direct-to-Consumer Pharmaceutical Advertising

President Trump signed a memo to ensure drug ads give fair, balanced, and complete information to protect and inform American consumers.
spot_img

Related Articles

Popular Categories

MAGA Business Central