Mention the word “debanked,” and some might think you stuttered or misspoke. Explain what debanking is — financial institutions canceling a customer over his politics — and most will think you’re paranoid.
Yet from oil and gas service firms in Texas to companies selling firearms to the Freedom Convoy of Canadian truckers, debanking is a real and growing problem. Especially as corporate leadership skews left and attempts to move their business beyond simply making a profit.
Now John Eastman, one of the attorneys who worked with former President Donald Trump, has been debanked by both Bank of America and USAA.
That USAA debanked Eastman for his ties to the 2020 election contest comes as a surprise. USAA — now an insurance, financial services, and banking powerhouse headquartered in San Antonio, Texas — got its start in 1922 as a mutual self-insurance…
