The text discusses a growing trend where Christian and conservative groups are facing discrimination from banks and payment processors. These groups are labeled as high risk and subsequently debanked or denied financial services. This is happening under the cover of federal banking laws. The Southern Poverty Law Center has been targeting these groups, labeling them as hate groups, which has led to their accounts being closed.
The text also mentions that these actions are not just happening to small organizations, but to all of us. It calls for Congress to change the banking laws to protect people of faith. The narrator emphasizes the importance of freedom of religion, speech, and assembly, and argues that these rights should not be stacked against certain political or religious views.
1. A growing number of Christian and conservative groups are facing new forms of discrimination.
2. Banks are closing their accounts and turning off payment processors.
3. Some groups are being put on a blacklist.
4. These actions are being carried out under the cover of federal banking laws.
5. Banking has become weaponized against Christian and conservative groups.
6. These groups are labeled as high risk and then debanked or denied.
7. Financial Services among the victims.
8. Indigenous Advance Ministries, which helps orphans and widows in Africa, had its account closed by Bank of America.
9. The Council of Arkansas, which promotes traditional family values, had its account canceled by JPMorgan Chase.
10. The pro-family Ruth Institute lost its payment processor after being targeted by the Southern Poverty Law Center as a hate group.
11. The National Committee for Religious Freedom, a multi-faith organization headed by former U.S senator and religious freedom Ambassador Sam Brownback, had its bank account closed by JP Morgan Chase.
12. Banking expert Nick Anthony believes federal law gives banks a myriad of excuses to cancel groups whose values present reputational risks.
13. The real culprits may also be Federal Regulators who can pressure banks to cancel certain groups.
14. Banks are deputized as de facto law enforcement investigators and face very real consequences of missing anything when banks have concerns about money laundering or suspicious source of funds.
15. Banks are prohibited from telling customers what the actual reason is for closing an account.
16. Banks are prohibited from telling people that they filed these reports to the government.
17. JPMorgan Chase canceled Sam Brownback's group after designating him as a politically exposed person with a customer risk profile.
18. BlackRock, the most powerful investment firm in the world, has stated that LGBT diversity is in their DNA.
19. Nearly every major credit card issuer has openly donated money to the LGBTQ cause.
20. Conservative faith groups oppose the profit motive but are now using their power to create a world in their own image.
21. Bank of America closed indigenous Advanced Ministries accounts, stating that religious beliefs are not a factor in any account closing decision.
22. The Southern Poverty Law Center is labeling people and major corporations as hate groups and telling corporations not to do business with them.
23. There is concern that these actions could lead to a situation where you can't have a bank account in America if you're a Christian group.
24. There is concern that these actions could prevent Christian groups from participating in the political process.
25. The small organizations are being affected, and this is happening to all of us.
26. There is a call to Congress to change the banking laws to protect people of faith.