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Pardoned individuals face bank account denials despite legal forgiveness, sparking lawsuits and debate over the lasting impact of pardons.
Pardoned individuals, including those granted clemency by former President Trump, are struggling to maintain bank accounts despite legal forgiveness, as financial institutions continue to view their criminal records as risk factors.
Banks like JPMorgan Chase and American Express have denied services or closed accounts citing past convictions, arguing that pardons don’t erase legal records or compliance obligations.
Pardoned individuals are now suing, claiming their pardons should ensure full reinstatement, while legal experts emphasize pardons do not equate to innocence.
The issue has intensified amid a surge in clemency under both Trump and Biden, with Trump issuing over 1,600 pardons in nine months, including for Jan. 6 rioters and lawmaker George Santos.
Critics say political motivations may influence banking decisions, prompting Trump to issue an executive order targeting perceived political bias in financial regulation.
Las personas indultadas se enfrentan a la denegación de cuentas bancarias a pesar del perdón legal, provocando demandas y debate sobre el impacto duradero de los indultos.