(Deemerwha studio/Shutterstock) More than 100 banks across Florida have signed an agreement to not politically discriminate against customers in exchange for a Qualified Public Depositories (QPD) accreditation. QPD banks are banks “legally allowed to accept public dollars which include state or local government funds.”
The announcement was made by state Chief Financial Officer Jimmy Patronis on Jan. 19, where he confirmed that close to 120 banks have already entered into the agreement, including some major banks, in what he has dubbed the “De-woking of Banks.”
“With the continued rise of Environmental and Social Governances (ESG) infiltrating our economic institutions, I am extremely happy to see the positive effects of HB 3,” Mr. Patronis said.
“These 117 QPDs have officially made a commitment to put returns over politics. They understand that if they de-bank customers over political persuasion, they are threatening their own bottom lines,” he went on to say.It further bars financial […]
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