The rise and rise of debanking

The rise and rise of debanking

The FSU is in the process of compiling a major report on debanking: the financial exclusion of ‘undesirable’ clients by the companies they rely on to keep going. It’s a cause that’s been close to our hearts since 2022 when PayPal orchestrated a wave of high-profile account terminations, withdrawing its services from organisations and individuals whose views challenged dominant political orthodoxies. We were among those targeted – and when our ac…