Former Senator Sam Brownback learned the hard way about debanking after opening a bank account for his organization, National Committee for Religious Freedom. The bank closed his account because of its religious nature.
Debanking is when a bank closes someone’s account, due to factors that they believe are risky. It has become more common for banks to debank organizations due to environmental, societal, and governance issues.
Unfortunately, this has now spilled over into what many consider religious discrimination.
Ecclesiastes 4:12 says, “Though one may be overpowered, two can defend themselves. A cord of three strands is not quickly broken.”
A couple of ways to combat this religious discrimination is to switch to banks who are faith friendly. The other way is for faith-oriented leaders to call out these trends.
