For Immediate Release: April 17, 2019
Contact: Ryan Hite, Communications Director
Washington, D.C.: A new report this week from Project Veritas details a new possible trend dubbed “debanking.” This story was sparked by Chase Bank closing the account of a provocative conservative business3man with no warning and no reason. After many phone calls and some investigation by the Veritas Team, one Chase employee suggested that the bank will not engage in business with people based on “moral character.”
“This is an incredibly disturbing possibility,” said Ed Martin, president of Phyllis Schlafly Eagles. “Project Veritas has spearheaded the publicizing of businesses’ anti-conservative action, but the prospect of ‘debanking’ takes political retribution to a new level. For a financial institution to shut down accounts over political views is absolutely unthinkable.
“The left has brought our polarization to a fever pitch, and the free speech rights of Americans are now potentially costing them business and access. It’s a shameful trend we have seen throughout social media and business, and it seems poised now to transfer to the financial world. Retaliatory measures against political free speech must stop.”
The full Project Veritas report can be viewed here.