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.

Democrats are Losing by Pushing Their Dirty CR Bill

Talk is going around about the “Democrats Dirty CR” and the “Republicans Clean CR”.

NCAA streamlines transfer portal

The NCAA lords of the Division I Administrative Committee have unveiled a fresh batch of transfer portal reforms.

Section 230 Immunity, Defective Design and Trial Lawyers (Part 2)

Congress granted social media platforms Section 230 immunity even when children are harmed, trial lawyers found a way to bypass protection.

A Tale Of Two Political Parties

While the GOP, led by Trump, has produced results, Democrats offer horrible policies and candidates, presenting a vivid contrast to the American people. 

The Case for Western Islam

The suggestion of a expression of Islam which emerges from western culture is one that comes from a place of love.

Democrats are Losing by Pushing Their Dirty CR Bill

Talk is going around about the “Democrats Dirty CR” and the “Republicans Clean CR”.

Biden Undergoing Radiation, Hormone Treatment for Prostate Cancer

Former President Biden has begun receiving a combination of radiation and hormone treatments for prostate cancer, spokesperson announced.

Homan Says DOJ Probing Funding Behind ‘Organized’ Attacks on ICE

Border czar, Homan said DOJ launched an investigation into funding for what he called “organized” attacks on federal immigration enforcement agents.

There Are No Survivors in the Blast at a Tennessee Explosives Factory, Sheriff Says

The blast in rural Tennessee that leveled an explosives plant and was felt for miles around left no survivors, authorities said Saturday

Trump Names Longtime Adviser Dan Scavino to Key Personnel Position

One of President Trump’s longtime advisers, Dan Scavino, is going to be in charge of selecting and appointing key positions within the executive branch.

First Lady’s Effort Helped Reunite 8 War-Displaced Children With Their Families

First lady Melania Trump said 8 children impacted by the fighting between Ukraine and Russia were reunited with their families on Oct. 9.

Trump to Impose New 100 Percent Tariff on China on Nov. 1

President Trump said that the US will impose an additional 100 percent tariffs on Chinese goods and export controls on critical software starting on Nov. 1.

Trump Admin Agrees to $20 Billion Rescue Plan for Argentina

The U.S. government has finalized a $20 billion economic rescue plan for Argentina, Treasury Secretary Scott Bessent announced on Oct. 9.
spot_img

Related Articles

Popular Categories

MAGA Business Central