Debanking Backlash Emerges During Trump Administration

The practice of 'debanking,' where individuals lose access to their financial accounts, drew criticism during the Trump administration. This process, often initiated without clear justification, can leave people unable to access their own funds. The backlash highlighted concerns about financial inclusion and the potential for arbitrary account closures to disrupt individuals' lives and livelihoods. The issue underscored the need for greater transparency and due process in banking operations.