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What's the point of this? Just sounds like what they always did. Just not in secret, which is a strange tactic. If anything, all they did seems to be just expanding the language of who to persecute.
Debanking is not used at any real scale right now in the US afaik. They'll just start sanctioning individuals and they'll be removed from the formal economy entirely.
It's something that's a real problem. It wasn't practical and they didn't have the person-power back in the day to constantly harass and surveil every single communist. They relied on group intimidation, the fear they MIGHT be watching or listening and targeting leadership. It also wasn't practical to remove someone from the economy during the first red scare through the 70s, people used cash for everything, there were no credit cards, no computerized banking with central connections, no KYC that identified everyone (you could just open accounts, buy plane tickets, live as someone with a false name).
These days it's an attractive turn-key solution. Everything is computerized and connected to central databases with reporting, KYC is everywhere, your bank knows who you really are and you can't get a new bank without them verifying your identity. You can't get or use credit cards without verifying your identity, your gas company has computers that know who you are, your ISP knows who you are. Your employer goes through government verification and background check systems before hiring you. Want to stay at a hotel? They background check you and require a credit card. Want to fly an airline? You're getting background checked. Want to go on a cruise ship? Background checked. Want to rent a new place? Background checked. You can't just move a hundred miles, shake hands after walking in and get a well paying job. You're basically forced into the cash-only economy of extreme below minimum wage exploitation and if your under the table employer finds out you're on a list like this they'll either part ways or start exploiting you even harder.
And of course their computerized, AI-assisted panopticon has come into its own. Flock cameras, social media profiling, ad-tech profiling combined with government databases for complete surveillance and analysis using AI of all that big data to sentiment analyze and categorize you and everyone you interact with in any way.
And the thing is sanctions can be made contagious and they have vast experience with this on the governmental and business level. The computerized systems can flag interactions so if someone helps you and the system finds out? They get slapped with secondary sanctions, investigation, all automated and it derails their life so it discourages people from interacting with anyone under such a regime, it creates a kind of leper class of "unclean" do not touch out of fear you become infected as well.
Yeah it's not good. Every day the panopticon has more resources and fewer blind spots. We're completely unequipped to "go underground", its not even clear what that means at this point. Hopefully we just build enough political strength that our quantity is a deterrent.