{"id":186255,"date":"2023-08-26T05:18:27","date_gmt":"2023-08-26T05:18:27","guid":{"rendered":"https:\/\/newsneednews.com\/?p=186255"},"modified":"2023-08-26T05:18:27","modified_gmt":"2023-08-26T05:18:27","slug":"mr-brexit-warns-debanking-trend-is-on-the-rise-in-the-us","status":"publish","type":"post","link":"https:\/\/newsneednews.com\/lifestyle\/mr-brexit-warns-debanking-trend-is-on-the-rise-in-the-us\/","title":{"rendered":"&apos;Mr Brexit&apos; warns &apos;debanking&apos; trend is on the rise in the US"},"content":{"rendered":"<h2>EXCLUSIVE: UK&#8217;s &#8216;Mr Brexit&#8217; Nigel Farage &#8211; who was at the center of &#8216;debanking&#8217; scandal &#8211; warns woke trend is now on the rise in the US after Christian charity accused Bank of America of axing its account over &#8216;religious views&#8217;<\/h2>\n<ul>\n<li><span>UK politician Nigel Farage revealed he had spoken to the Trump family about the rise in &#8216;debanking&#8217; in the US<\/span><\/li>\n<li><span>Farage told DailyMail.com the &#8216;situation in America is as bad as it is in Britain&#8217;\u00a0<\/span><\/li>\n<li><span>It comes after a debanking row broke about between Bank of America and a ultra-conservative Christian charity\u00a0<\/span><\/li>\n<\/ul>\n<p>The UK politician who pioneered Brexit and recently became embroiled in a &#8216;debanking&#8217; row has warned the &#8216;worrying&#8217; trend is on the rise in America.<\/p>\n<p>Nigel Farage revealed he has spoken to the Trump family about the increase in &#8216;debanking&#8217; in the US after it emerged a conservative Christian charity that supports impoverished Ugandans had its account closed by Bank of America\u00a0(BofA).<\/p>\n<p>Farage, who is often referred to as &#8216;Mr Brexit&#8217; and is a close ally of the former President, was at the center of global headlines when he had his account with private bank Coutts closed over his political beliefs.\u00a0<\/p>\n<p>He told DailyMail.com: &#8216;The situation in America is absolutely as bad as it is in Britain.<\/p>\n<p>&#8216;Banks have become political campaigning organizations. Unless you take a woke view of the world, you are in danger of it happening to you.&#8217;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/08\/23\/19\/70523553-12437785-Trump_and_Farage_who_appear_to_have_struck_up_a_tight_friendship-a-5_1692814461284.jpg\" height=\"475\" width=\"634\"><\/p>\n<p>Nigel Farage,\u00a0who is often referred to as &#8216;Mr Brexit&#8217; and is a close ally of the former President, has warned that &#8216;debanking&#8217; is as common in America as it is in the UK. He is pictured with Trump in 2016<\/p>\n<p>He added: &#8216;I have actually spoken to the Trump family about this.&#8217;<\/p>\n<p>Historically the term &#8216;debanking&#8217; referred to cases where banks limit financial services to businesses it assessed as having money laundering risks.\u00a0<\/p>\n<p>But firms are increasingly being accused of closing accounts for businesses with controversial views over reputational fears.\u00a0<\/p>\n<p>Farage &#8211; who is now planning to build a UK lobby group to tackle the issue of debanking &#8211; said he had heard from prominent Republican figures whose accounts had been shut down in the US.<\/p>\n<p>He added he is planning to raise the issue with more American politicians.<\/p>\n<p>This week DailyMail.com revealed that a &#8216;debanking&#8217; row had broken out after the Memphis-based non-profit Indigenous Advance Ministries alleged its BofA account had been closed due to its &#8216;religious views.&#8217;<\/p>\n<p>The organization &#8211; which claims to have had a banking relationship with the Bank since 2015 &#8211; purports pro-life and anti-same sex relationship values on its website. It has filed a complaint relating to the issue to the Tennessee Attorney General&#8217;s office.<\/p>\n<p>BofA firmly denies it &#8216;debanked&#8217; the body over these views, telling DailyMail.com that &#8216;religious beliefs are not a factor in any account-closing decision.&#8217;<\/p>\n<p>Indigenous &#8211; which was previously named World Shine USA &#8211; opened a new business checking account with BofA in January before shortly applying for two credit cards.<\/p>\n<p>On April 24 this year, it was sent a letter by the bank advising that its accounts were being shut down within 30 days.\u00a0<\/p>\n<p>Associated accounts belonging to partner entity Indigenous Advance Customer Center and a church operating at the same address &#8211; Servants of Christ Community dba University House of Prayer &#8211; were also closed.<\/p>\n<p>The correspondence from BofA stated: &#8216;Upon review of your accounts, we have determined you&#8217;re operating in a business type we have chosen not to service at Bank of America.&#8217;<\/p>\n<p>Representatives for Indigenous said they &#8216;repeatedly&#8217; asked for an explanation about the closure.<\/p>\n<p>On May 24, the organization was sent a follow-up letter that stated its &#8216;risk profile no longer aligns with the bank&#8217;s risk tolerance.&#8217;<\/p>\n<p>At the time, Indigenous said it had $270,000 in its deposit account.<\/p>\n<p>Associated accounts belonging to partner entity Indigenous Advance Customer Center and a church operating at the same address &#8211; Servants of Christ Community dba University House of Prayer &#8211; were also closed.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/08\/23\/19\/74446821-12437785-Indigenous_Advance_Ministries_has_filed_a_complaint_to_the_Tenne-a-7_1692814602252.jpg\" height=\"363\" width=\"634\"><\/p>\n<p>Indigenous Advance Ministries has filed a complaint to the Tennessee Attorney-General&#8217;s office over concerns their accounts were closed because the bank disagrees with its &#8216;religious views.&#8217; Pictured: Indigenous founder and current board member Steve Happ in Uganda\u00a0<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/08\/23\/19\/74446687-12437785-BofA_firmly_denies_the_accusations_telling_DailyMail_com_that_re-a-6_1692814600312.jpg\" height=\"429\" width=\"634\"><\/p>\n<p>BofA firmly denies the accusations, telling DailyMail.com that &#8216;religious beliefs are not a factor in any account-closing decision&#8217;<\/p>\n<p>The correspondence from BofA stated: &#8216;Upon review of your accounts, we have determined you&#8217;re operating in a business type we have chosen not to service at Bank of America.&#8217;<\/p>\n<p>Representatives for Indigenous said they &#8216;repeatedly&#8217; asked for an explanation about the closure.<\/p>\n<p>On May 24, the organization was sent a follow-up letter that stated its &#8216;risk profile no longer aligns with the bank&#8217;s risk tolerance.&#8217;<\/p>\n<p>At the time, Indigenous said it had $270,000 in its deposit account.<\/p>\n<p>Under the &#8216;Core Beliefs&#8217; tab on its website it endorses a number of evangelical Christian views including that &#8216;all human life is sacred&#8230; from conception to natural death.&#8217;<\/p>\n<p>It also advocates that &#8216;marriage between one man and one woman is the only proper context for sexual relations.&#8217;<\/p>\n<p>Under the &#8216;Core Beliefs&#8217; tab on its website it endorses a number of evangelical Christian views including that &#8216;all human life is sacred&#8230; from conception to natural death.&#8217;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/08\/23\/19\/74446685-12437785-Bob_Phillips_pictured_is_the_current_Board_of_Trustees_of_Indige-a-8_1692814609941.jpg\" height=\"460\" width=\"306\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/08\/23\/19\/74446683-12437785-Steve_Happ_pictured_is_the_founder_and_a_board_member_of_the_cha-a-9_1692814609956.jpg\" height=\"460\" width=\"306\"><\/p>\n<p>Bob Phillips, left, is the current Board of Trustees of Indigenous Advance Ministries. Steve Happ, right, is the founder and a board member of the charity. Together the pair have written to the Tennessee Attorney General&#8217;s office over fears they were &#8216;debanked&#8217;<\/p>\n<p>It also advocates that &#8216;marriage between one man and one woman is the only proper context for sexual relations.&#8217;<\/p>\n<p>A letter to the Tennessee Attorney General&#8217;s office, signed by board members Steve Happ and Bob Phillips, read: &#8216;I am concerned that Bank of America cancelled our and our partners&#8217; accounts because it disagrees with our religious views.&#8217;<\/p>\n<p>A spokesperson for BofA said the closure was related to a part of Indigenous&#8217; operations which includes debt collection.<\/p>\n<p>On its website, Indigenous said it is &#8216;dedicated to pursuing the recovery of overdue invoices on behalf of our clients.&#8217;<\/p>\n<p>Indigenous is now being represented by the legal advocacy group Alliance Defending Freedom (ADF).\u00a0<\/p>\n<p>The office for Tennessee attorney general Jonathan Skrmetti has confirmed it received the complaint and is reviewing the details of the case.\u00a0<\/p>\n<p>Source: <a href=\"https:\/\/www.dailymail.co.uk\/yourmoney\/banking\/article-12437785\/Nigel-Farage-debanking-scandal-warns-trend-rising-US.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EXCLUSIVE: UK&#8217;s &#8216;Mr Brexit&#8217; Nigel Farage &#8211; who was at the center of &#8216;debanking&#8217; scandal &#8211; warns woke trend is<\/p>\n","protected":false},"author":2,"featured_media":186254,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>&amp;apos;Mr Brexit&amp;apos; warns &amp;apos;debanking&amp;apos; trend is on the rise in the US - News Need News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newsneednews.com\/lifestyle\/mr-brexit-warns-debanking-trend-is-on-the-rise-in-the-us\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"&amp;apos;Mr Brexit&amp;apos; 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