IN DEPTH: Banks Take Lead in Establishing Personal Social Credit System, Critics Charge | The Epoch Times

IN DEPTH: Banks Take Lead in Establishing Personal Social Credit System, Critics Charge | The Epoch Times

"Large money-center banks appear to be in the vanguard of a movement to build a system of personal social credit scores.

• This week, British bank Barclays became the latest to be accused of shutting the accounts of its customers for political or religious reasons. That followed revelations in April that Coutts, a private bank owned by UK bank NatWest, was alleged to have closed the accounts and publicized personal information of conservative politician Nigel Farage, one of the foremost Brexit advocates and a supporter of the policies of former U.S. President Donald Trump.

Meanwhile, British banks aren't alone.

• Many say that the largest U.S. financial institutions are in lockstep with UK banks in establishing political and social criteria for their customers and punishing those who don’t comply...