Alabama Official Claims 'Debanking' After Bank Account Closure

Alabama State Auditor Andrew Sorrell recently spoke out about his experience with what he calls 'debanking,' the practice of banks closing accounts due to a customer's political views or other reasons. Sorrell claims his bank account was unexpectedly closed, leading him to believe this is a growing problem in the United States.

Speaking with Fox News Digital, Sorrell shared details of the account closure and his concerns about the potential for financial discrimination. He argues that banks should not be able to arbitrarily close accounts based on a customer's beliefs or affiliations. Sorrell believes this practice could stifle free speech and limit access to essential financial services.

'Debanking' has become a hot topic in recent years, with some conservatives claiming they are being unfairly targeted by financial institutions. Critics of the practice argue that it's a form of censorship and economic coercion. Supporters of banks' right to choose their customers argue that they have a right to mitigate risk and comply with regulations.

Sorrell is now advocating for policies to prevent 'debanking' and protect individuals and businesses from arbitrary account closures. He believes that clear guidelines and regulations are needed to ensure fair access to financial services for all Americans.