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Federal investigators have been combing through the financial data - legal consumer transactions – without justifiable cause or legal process. The House Judiciary Committee and its Subcommittee on the Weaponization of the Federal Government, headed up by Chairman Jim Jordan (R-Ohio), has released its interim report, revealing that federal law enforcement conducted broad financial surveillance without warrants.
Under the guise of SAR, “Suspicious Activity Report”, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) and the FBI requested the data from multiple financial institutions. Only one is identified as having requested legal process before complying with the request. Other banks voluntarily handed over the information without any sort of search warrant. This unjustified invasion of privacy against law-abiding Americans was tied to specific keywords in their legal consumer transactions. Words like “Trump” and “MAGA,” along with purchases tied to religious retailers and sporting goods stores, were specifically outlined as red flags that may indicate potential extremist behavior.
The committee writes, "Absent renewed safeguards, the federal government and financial institutions will continue to siphon off Americans’ sensitive financial data, place it into the hands of bureaucrats, and erode any remaining semblance of financial privacy in the United States."
Fox News has outlined additional information about the report and its findings, including a copy of the Committee’s document:
Feds conducted 'broad' and 'unjustified' surveillance of Americans' private financial data on Fox News
Feds using banks to surveil Americans' financial data without warrants, House Judiciary says on Fox News
It is precisely this sort of privacy invasion, which we believe has been happening for years and was confirmed by the Subcommittee earlier in 2024, that is the reason behind Old Glory Bank. Law-abiding Americans have a right to their financial privacy, and they have a right to a bank that protects it.
Notice to the Federal Government: IT IS OLD GLORY BANK’S UNWAVERING POLICY THAT WE WILL INFORM CUSTOMERS OF EACH SUBPOENA UNLESS EXPRESSLY PROHIBITED BY LAW (WHICH IS RARE). THEREFORE, DO NOT SEND A SUBPOENA TO OLD GLORY BANK THAT YOU DESIRE TO KEEP CONFIDENTIAL BECAUSE WE WILL NOT KEEP IT CONFIDENTIAL.
In the second quarter of this year, both U.S. Bank and Chase reported closing 48 and 28 branches, respectively. Bank of America is set to close 25 locationsby the end of 2024.
“This relationship underscores our commitment to serving those who have served our country and ensuring they have the resources they need to succeed as employees and business owners,” says Mike Ring, Co-founder, President, and CEO of Old Glory Bank.
President-elect Donald Trump nominated decorated Combat War Veteran Pete Hegseth as Defense Secretary less than 24 hours after interviewing Old Glory Bank co-founders John Rich and Mike Ring on his Modern Warriors LIVE a Veterans Day special.
ELMORE CITY, OK — Old Glory Bank, the pro-America online community bank, unveils the McFadden Project, an innovative solution to helping homeless veterans open a bank account.
Celebrating Women's Small Business Month
When Old Glory Bank’s mission began taking shape almost 4 years ago, stories of cancel-culture infecting the banking world were already multiplying. Here we are, years later, aghast at the continued increase of this outrageous trend. At times, it feels like dystopian fiction. It’s not just high-profile political figures. It’s everyday people. It’s charitable organizations that serve orphans. It’s demographic groups deemed high risk because of their religious affiliation or heritage. It’s citizens who make a legal living in an industry such as firearms retailers.
Debanking is real, folks. For two years, Old Glory Bank has been the lone voice in the wilderness wa...
Is your bank protecting your privacy, or handing over your data with a simple “please” from the Feds...
Old Glory Bank celebrates this huge victory for small business owners. As we wrote on our blog recen...
Financial institutions are shutting down branches throughout the U.S. to streamline operations and c...
THE CONSTITUTIONAL RIGHT TO PRIVACY FOR SMALL BUSINESS OWNERS ENDS ON JANUARY 1, 2025.
“This relationship underscores our commitment to serving those who have served our country and ensur...
Old Glory Bank Co-Founders participate in the final interview by future defense Secretary Pete Hegse...
Old Glory Bank’s Innovative McFadden Project encourages homeless vets to take a step forward by open...
Celebrating Women's Small Business Month
When Old Glory Bank’s mission began taking shape almost 4 years ago, stories of cancel-culture infec...