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Banks should demonstrate their consistent use of risk-based standards and document their reasons for closing or denying accounts to avoid accusations of improper de-banking during their next examinations, attorneys and analysts said at The Assembly Las Vegas. The White House defined "de-banking" in an executive order last month as withholding or limiting financial services in response to a customer's "political affiliations, religious beliefs or lawful business activities," and directed federal regulators, including the Office of the Comptroller of the Currency, to monitor for the practice and respond in kind. Dan Stipano, former OCC deputy chief counsel, said that documentation will...