Federal finance authorities have identified the Southern Poverty Law Center’s “hate group” labels as the driving force behind the debanking of conservative individuals and organizations, particularly clients that were giving to Christian causes.
The explosive findings directly discredit a recent proclamation from the SPLC declaring, as part of its “Hatewatch” monitoring project, that anti-Christian debanking was a conspiracy theory spread by the “Christian supremacy movement.”
Though only a regulatory audit, fulfilling an executive order from President Donald Trump to ensure that banks were not discriminating against customers on the basis of their political or religious beliefs, the government’s findings add to the SPLC’s latest woes.
As an organization, the SPLC, in addition to its chief financial officer, is already facing criminal conspiracy charges for allegedly using donor funds to finance the activities of the very same extremist groups it was working to dismantle.
SPLC ‘hate group’ designations used as vetting tool in debanking decisions
According to an Oct. 14 report from the Office of the Comptroller of Currency, a federal bureau within the U.S. Treasury Department that regulates the nation’s banks, the SPLC’s bigot-flagging operations were politically influencing debanking decisions at major financial institutions across the country, including PNC Bank, JPMorgan Chase, Wells Fargo, and TD Bank.
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