Consumers Research: Woke Banks are Colluding with the Feds

Currently, the House Select Subcommittee on the Weaponization of the Federal Government, led by Rep. Jim Jordan (R-Ohio), is investigating several banks accused of sharing the private l information of their customers with the federal government. Rep. Jordan has accused Bank of America, Chase, U.S. Bank, Wells Fargo, Citi Bank and Truist of colluding with the federal government to spy on Americans. Now the Daily Mail reports that seven more financial institutions have been named in the Committee's probe, bringing the number of banks under scrutiny to at least 13.

In a report last month, the Committee found that federal law enforcement officials from the Treasury Department's Financial Crimes Enforcement Network (FinCEN) and the FBI initiated multiple discussions with financial institutions, and that "these meetings were geared toward discussing options for financial institutions to share customer information voluntarily with federal law enforcement outside of normal legal processes." "This FBI intelligence product, along with other materials shared by federal law enforcement, detail the extent to which federal law enforcement derisively viewed American citizens," the report read. "For example, one report shared with financial institutions noted that those Americans who expressed opposition to firearm regulations, open borders, COVID-19 lockdowns, vaccine mandates, and the "deep state" may be potential domestic terrorists."

The Committee also sent a letter to U.S. Treasury Secretary Janet Yellen demanding all Bank Secrecy Act filings, including Suspicious Activity Reports (SARs), that included the tag created to group all SARs related to the events following January 6, 2021.

In a new round of letters, the Committee wrote that "the financial surveillance occurring in the United States is much broader than the FBI simply requesting, without any legal process, a list of customers' transactions from Bank of America." The Committee therefore expanded the scope of the investigation to include Charles Schwab, HSBC, MUFG, PayPal, Santander, Standard Chartered and Western Union.

"The Committee and Select Subcommittee remain concerned about how and to what extent federal law enforcement and financial institutions continue to spy on Americans by weaponizing backdoor information sharing and casting sprawling classes of transactions, purchase behavior, and protected political or religious expression as potentially 'suspicious' or indicative of 'extremism.'" - Letter to Charles Schwab

The sharing of private information of with the federal government in this matter is a grave violation of the civil rights that all Americans are privileged to. Consumers are clearly being targeted for their personal and political beliefs and are "de-banked" for religious/political views.  Hopefully the efforts of the Committee will hold these banks to account for their dangerously discriminatory behavior.