REPORT: 22 state financial officers are demanding answers from top credit rating agencies — including @MoodysRatings, @FitchRatings, and @SPGlobalRatings — on their continued use of discredited, woke ESG policies 👇 The state financial officers want to know specifically how rating agencies' continued use of these thoroughly discredited policies has influenced individual states' credit ratings, warning that continued use of these policies harms state financial interests, taxpayers and investors. In their letter, the state financial officers highlight how these ESG policies rely on assumptions that have been repeatedly proven false. From assuming fossil fuel demand would rapidly decline to predicting that governments would universally impose tougher climate policies, the assumptions underlying discredited ESG policies have not materialized. The state financial officers also highlight how use of these discredited policies in ratings has (and still is), in many cases, bizarrely led to higher ratings for Chinese businesses while simultaneously causing US companies to be downgraded. The very fact that so-called 'ESG risk' resulted in some American companies getting downgraded while Chinese state-owned companies received high ratings should be enough to discredit this absurd metric permanently. No credit rating agency should base scores on ESG, period. @ConsumersFirst commends these state financial officers for being proactive in calling out these agencies for outrageous ESG practices.

🚨 The Office of the Comptroller of the Currency (OCC) just dropped a damning report proving major banks discriminated against conservative and religious groups — shutting down accounts and denying credit purely over their beliefs. After reviewing the report, the CFPB announced that an investigation into the banks "thuggish tactics" would be opened immediately 👇 At the direction of President Trump, the OCC reviewed 100,000 complaints and 50,000 internal records and found America’s biggest banks used “reputation risk” as a justification to discriminate against customers for their political and religious beliefs. Major banks, like JPMorgan Chase and Bank of America, targeted Christians and conservatives over their religious and political views, according to the report. Internal systems flagged ordinary political/religious terms. Employees closed accounts after deciding merchandise or posts crossed the line. They leaned on activist groups like the Southern Poverty Law Center to treat religious groups as risks. One internal note called a target a “right-wing religious conservative nonprofit.” Staff refused service because the customers’ beliefs conflicted with the bank’s own. The pattern was clear: accounts closed, credit denied, processors pressured purely because of their beliefs. This confirms everything we’ve been saying: the big banks knowingly and willingly discriminated against and debanked conservatives and religious Americans. Comptroller Jonathan Gould called the report “irrefutable evidence” that major banks denied, debanked, and discriminated against customers. The OCC even noted that no major bank has fully acknowledged the “weaponization of finance against hardworking Americans.” Yet they wonder why conservatives don't trust them? They've given us ample reason to never trust them again.

📺 TUNE IN: Consumers' Research Senior Research Fellow, Professor @TomMillerJr, and Dr. @CWCalomiris will discuss AI’s impact on research, finance, and the future. Today at 2 pm CT 👇 vimeo.com/event/6206396