debanking

American  

[dee-bangk-ing] / diˈbæŋk ɪŋ /

noun

1. the act or process of denying a person, group, or organization access to banking facilities due to supposed risks associated with that person or group.

2. the act or process of giving up a banking license, often in order to avoid certain regulations or to expand into other markets.

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Other Word Forms

• debanked adjective

Example Sentences

Debanking has no standard, legal definition but is generally referred to in this context.

From Barron's

“While many of these policies were undertaken in plain sight and even announced publicly, certain banks have continued to insist that they did not engage in debanking,” Gould said.

From The Wall Street Journal

The OCC released preliminary findings Wednesday after asking the nine largest banks under its purview to submit reports on whether they had engaged in unlawful debanking.

From The Wall Street Journal

“Going forward, the OCC will hold banks accountable for these actions and ensure unlawful debanking does not continue.”

From The Wall Street Journal

Prompted by the August executive order, the Office of the Comptroller of the Currency has asked the nation’s nine largest banks for information about their debanking activities.

From The Wall Street Journal