GOP Congress lobbied to write a 'reputation risk' ban into law before Democrats take over
Conservative activists said the window is closing to write a ban on the financial industry's "reputation risk" into federal law to stop debanking.
Conservative activists are urging federal lawmakers to act quickly to ban the financial industry’s “reputation risk” practices. They believe the opportunity to codify this ban into law is diminishing. The goal is to prevent what they describe as “debanking.”
- Conservative activists are pushing for a federal law against the financial industry’s “reputation risk” practice.
- They state that the window to enact such legislation is closing.
- The aim of the proposed ban is to stop “debanking.”
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