Reported about 16 hours ago
During a Senate banking committee hearing, Senator Elizabeth Warren expressed her agreement with Donald Trump's criticism of Bank of America for its debanking practices, stating that he identified a significant issue. Warren emphasized that large banks may be taking shortcuts in risk assessment that lead to discriminatory practices against certain customers, urging clearer regulations from the government. As the GOP pushes for legislation to define when banks can decline service, she recommended action from the Consumer Financial Protection Bureau to address this problem.
Source: YAHOO