“We are not going to allow big banks to discriminate based on someone’s political or religious beliefs.” Those words come to us from Florida Gov. Ron DeSantis, amid his ongoing and rather puzzling war against business in his own state.
DeSantis was trumpeting his signing of an “anti-ESG” law in Florida which, according to a recent report in American Banker “provides an avenue of recourse for bank customers who believe they were denied financial services on the basis of their political opinions, religious beliefs, lawful ownership of guns or involvement in fossil fuel-based energy production.” More realistically, DeSantis’s grandstanding could have the unintended effect of politicizing the crucial flow of precious capital in a state that at least on the surface claims it’s pro-business.
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