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International Business Times
International Business Times
Politics
Luke Funk

Jerome Powell Commits To Addressing Debanking Concerns: 'Regulation Leads Things To Happen'

Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee in the Hart Senate Office Building on Capitol Hill on February 11, 2025 in Washington, DC. (Credit: Chip Somodevilla/Getty Images)

Federal Reserve Chair Jerome Powell said it was timed to look at the possibility of debanking during a Congressional hearing on Tuesday.

Debanking is a term used to describe the alleged prevention of certain individuals and entities from accessing banking services.

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