The administration sent letters to ensure institutions cease politicized denials of service.
The Small Business Administration (SBA) sent letters to over 5,000 lenders last week directing them to end any debanking policies. The SBA said the lenders who fail to comply will “lose their good standing with the SBA and will be subject to additional punitive measures.” The SBA required its lenders to submit a report outlining their compliance by January 5, 2026.
Banks are not required to disclose why they deny a certain party service. It has been the usual practice in instances of money laundering or other financial crimes. However, debanking has increased in recent years, with customers being denied banking services due to political, religious, or ideological beliefs.
SBA Administrator Kelly Loeffler stated, “Access to banking should not be a partisan issue – but far too many confirmed debanking cases have targeted right-leaning businesses, non-profits, and people – including Christian, pro-life, and Second Amendment organizations.”
The agency’s letters are in line with President Donald Trump’s executive order “Guaranteeing Fair Banking for All Americans,” intended to end politically motivated debanking.
As the Lord Leads, Pray with Us…
- For Administrator Loeffler to be led by the Lord as she endeavors to ensure lenders do not discriminate against Americans for their beliefs.
- For President Trump to seek God’s direction as he addresses issues facing the United States.
Sources: Banking Journal, The National Pulse
