Justice Department Investigating Whether Banks Discriminated Against Customers Based on Politics
The U.S. Justice Department has issued subpoenas to several of the largest U.S. banks seeking records on account closures that may have involved political considerations.
nypost.comU.S. banks requesting documents on account closures that may have been based on political considerations. The subpoenas seek internal communications, customer records, and any policies that could show whether political views influenced decisions to end banking relationships.
The requests cover multiple institutions and ask for data spanning recent years. Banks must provide details on the criteria used to close accounts and any communications with outside groups about those decisions. Banks that received the subpoenas are required to respond within the deadlines set by the court orders.
The Justice Department has not stated whether the subpoenas are part of a criminal investigation or a civil review. The department has not indicated when it expects to complete its review or whether additional subpoenas will follow.
