America’s Debanking Witch Hunt Found No Evil: Paul J. Davies

US financial regulators were sent on a witch hunt for banks illegally denying services to people for political reasons and have turned up… not very much. “Debanking” became a rallying call against nefarious practices by a liberal financial elite after Donald Trump began accusing big banks of unfairly barring conservatives from holding accounts. He publicly berated Bank of America Corp.’s Chief Executive Officer Brian Moynihan for the imagined crime in Davos this year.

Now, after months of investigation under Trump appointee Jonathan Gould, the Office of the Comptroller of the Currency has released its first round of findings in its drive to “halt these ...