The Senate Banking Committee is set to hold a hearing on February 5 to investigate claims of 'debanking,' where financial institutions allegedly cut off customers due to their political views. The committee, led by Chairman Tim Scott, aims to provide a platform for affected individuals, particularly those operating federally legal businesses, to share their experiences. This issue has garnered bipartisan interest, with concerns about fair access to financial services and the potential for discrimination. The investigation follows remarks from Rohit Chopra, Director of the Consumer Financial Protection Bureau (CFPB), highlighting banks' resistance to rules against de-banking based on political or religious beliefs. The hearing will also address the broader implications of federal and state law conflicts, particularly in relation to industries like marijuana, which are often caught in the crossfire of these regulations.