The Fabric

Did you know about debanking?

We did.     

Debanking is real, folks.  

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.

First, banks started canceling customers for what they think. If they don’t like your values, don’t agree with your faith or medical decisions, or approve of who you vote for or what you believe, banks are cutting ties, usually canceling customers without warning or explanation.

Former First Lady Melania Trump sat down with Fox News’ Maria Bartiromo to discuss the impact cancel culture has had on her life, both personally and professionally, as discussed in her book. Though her experience began during her time in the White House, she emphasizes that cancel culture is still happening today. Mrs. Trump detailed multiple cancellations to which she was subjected, including measures taken by her bank and her email provider, simply because they disagreed with her political position. Beyond the personal impacts of such an action, her bank’s decision to cancel her charity impacted the children served by her organization.

Eric Ohlhausen Takes a Stand Against Cancel Culture in Banking

Cancel-Culture Hits America’s Banking System—How to Protect Yourself