Public Advocate fights against LEFTIST DEBANKING every day
FRAUD ALERT: STATEMENT OF EUGENE DELGAUDIO ON DEBANKING CONSERVATIVES
Public Advocate has frequently been the target of debanking efforts to deprive Public Advocate of funds donated by public solicitation. Public Advocate considers the adverse actions taken by various social media platforms, credit card, specialty cards, institutional entities, online processors, etc. to be in the category of possible criminal fraud, theft and violations of the religous liberties of donors who fully intend to donate to Public Advocate the non-profit. Public Advocate is on the record with these respective companies that have perpetrated these crimes in the past against the civil liberties of supporters of Public Advocate.
Public Advocate has survived today because there are many financial companies that do not commit criminal fraud based on political issues, pro-homosexual beliefs or other anti-civil rights practices.
Public Advocate values the financial groups that we and other conservatives can reliably do business with on a daily basis and that our approval of our mission of religous liberty is not a requirement for members of the public to support us.
THANK YOU to the many companies that help Public Advocate do routine business as a peaceful and moral public education non-profit. With their cooperation we reach millions of Americans weekly.
Public Advocate supports laws restricting the recurring practice of financial blackmail over political beliefs of conservatives at the local, state and national level to combat this new form of potential fraud, " says Eugene Delgaudio, president of Public Advocate.
New state laws in Florida and Tennessee took effect this week targeting big banks over what conservatives say is political and religious discrimination.
The laws are the latest front in a broader battle playing out in states over what Republicans deride as "woke" banking. They echo related efforts in recent years by GOP officials to go after big banks and asset managers over how they approach climate and social concerns in investing.
The laws that went live in the two states on July 1 expanded state consumer protection and banking laws to prohibit so-called de-banking. They respond to allegations - broadly denied by banks - that financial institutions are closing accounts of conservatives based on their political or religious views.
The conservative push appears to be gaining momentum - winning support from former President Donald Trump, who has accused big banks of discriminating against conservatives.
Trump vowed at a rally earlier this year that if elected he will "place strong protections to stop banks and regulators from trying to de-bank you from your political beliefs."
In Florida, the new law extends to all national banks a prohibition on canceling financial services to a customer based on their political opinions or religious beliefs. (A previous law in 2023 applied more narrowly to state-chartered banks). The new law also sets up a customer complaint process that triggers an investigation into the bank by state regulators. Lawmakers debated but dropped a provision allowing customers to bring suit themselves.
Tennessee's law applies to banks with assets of more than $100 billion. In addition to barring political and religious discrimination, it requires banks to provide an explanation, with specific reasons, for closing or denying an account. Aggrieved customers also have a new private right of action to sue banks for violations of the law.
"We're hopeful more states will look at this issue and follow Tennessee's lead on it," said Matt Sharp, senior counsel at the Alliance Defending Freedom, one of the conservative groups that helped pass the legislation in that state. He said the laws are aimed at addressing "the real harms that come when these banks - without any transparency, without any accountability - shut down an account and the damage it can do."
Other states - including Arizona, Georgia, Iowa and Idaho - have also considered similar laws.