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Federal watchdog says 9 large US banks denied service to customers over political or religious views
DAMB!
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https://finance.yahoo.com/markets/artic … 34194.html
The Comptroller of the Currency says the nation's nine largest banks denied financial services to customers based on their political, religious, or social beliefs, according to a regulatory review released Wednesday.
The OCC reviewed nearly 100,000 complaints and received approximately 50,000 documents from JPMorgan Chase Bank, Bank of America, Citibank, Wells Fargo Bank, U.S. Bank, Capital One, PNC Bank, TD Bank, and BMO Bank regarding their policies, procedures, practices, and individual customer decisions.
The federal banking watchdog determined that the banks' sweeping internal guidelines lacked objective, risk-based criteria, effectively shutting out legitimate customers and businesses based on ideological leanings rather than financial risk.
The OCC said its findings reveal a systematic effort within the banking sector to restrict access for politically sensitive industries through both public and nonpublic policies.
Federal regulators found that lenders restricted certain sectors' access to financial services, including oil and gas exploration; coal mining; firearms or ammunition manufacturing or distribution; construction or operation of detention facilities; and the manufacturing, distribution or online retail of tobacco or e-cigarettes.
The Trump administration has voiced growing concerns over "de-banking" and the use of the financial system to achieve social and political objectives.
"Today's report provides irrefutable evidence that the nation's largest banks have denied, debanked, and discriminated against customers and lawful businesses," said Comptroller of the Currency Jonathan Gould. "Americans should have access to financial services regardless of their beliefs, affiliations, or political views. "
All nine banks report having reassessed the role of reputation risk in decisions to accept or terminate new customers, according to the OCC's report. Several banks said they had minimized reliance on reputation risk, and bank employees now must consider it in the context of other financial or business consequences, including credit risk, money laundering and terrorist financing risk.
The Bank Policy Institute, a lobbying group that represents the banks, said in a statement in reaction to the report, "We support efforts to establish clear and consistent standards that promote access while maintaining sound risk management, including the administration's recent efforts to prioritize supervisory attention on material financial risk and rather than reputational risk."
The group also noted it would continue to work with the administration and Congress on proposals that ensure that political or religious beliefs do not unfairly affect customers' access to banking services.
JPMorgan Chase said in a statement, "We take this seriously, learned from it, and improved the way we do business. We agree with the Administration on a broader point: years of operating in a regulatory environment that often second-guessed decisions contributed to a culture of caution across the banking industry. That system needs fixing."
The bank says its policies prohibit discrimination against customers based on political or religious views.
A spokesperson for Wells Fargo did not comment on the OCC's report, while PNC said it was reviewing the findings.
Bank of America, Citibank, U.S. Bank, Capital One and PNC Bank had not responded for comment as of this writing.
The review was directed by President Trump's executive order, "Guaranteeing Fair Access to Banking for All Americans," to determine whether these banks' policies or practices required or influenced banks to deny or limit access to financial services to Americans because of their political or religious beliefs or lawful business activities.
The OCC is considering further actions and writing new rules to prevent banks from discriminating against customers or prospective customers based on their political or religious beliefs. The OCC is also coordinating its debanking review with the reviews of other federal and state partners.
"Notwithstanding certain efforts by the largest banks to rein in these practices, I am not confident that they will be enough," said Gould.
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Re: Federal watchdog says 9 large US banks denied service to customers over political or religious views
And when they say "discriminated" they mean white, conservative baggers had their fee fees hurt and when they say debanked they mean threw their fuqing asses out the door because they were doing shady shyt like taking money from criminals.
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Re: Federal watchdog says 9 large US banks denied service to customers over political or religious views
wrote:
And when they say "discriminated" they mean white, conservative baggers had their fee fees hurt and when they say debanked they mean threw their fuqing asses out the door because they were doing shady shyt like taking money from criminals.
Good thing you sound nothing like a fascist.
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Tom LeykisRe: Federal watchdog says 9 large US banks denied service to customers over political or religious views
In this season of DOT BULLSHYT ---- LOOK!!!! Dots coming up with nonsense that sure sounds like the SAME OLD BULLSHYT!!!!
This one is different!!!
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SpankyRe: Federal watchdog says 9 large US banks denied service to customers over political or religious views
That isn't illegal.
SCOTUS has said that a business need not serve customers whose social beliefs they do not agree with.
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Re: Federal watchdog says 9 large US banks denied service to customers over political or religious views
Spanky wrote:
That isn't illegal.
SCOTUS has said that a business need not serve customers whose social beliefs they do not agree with.
So you think it is OK to deny someone access to banking because they are black?
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Re: Federal watchdog says 9 large US banks denied service to customers over political or religious views
wrote:
So you think it is OK to deny someone access to banking because they are black?
Is being black a social belief?
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Re: Federal watchdog says 9 large US banks denied service to customers over political or religious views
wrote:
So you think it is OK to deny someone access to banking because they are black?
Trump thinks so. Which means it is okay to deny somebody banking because they are a BAGGER.
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Re: Federal watchdog says 9 large US banks denied service to customers over political or religious views
wrote:
Good thing you sound nothing like a fascist.
So it is fascist to deny banking to people helping criminals?
I would think a law and order Bagger would be all for that.
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Re: Federal watchdog says 9 large US banks denied service to customers over political or religious views
wrote:
So it is fascist to deny banking to people helping criminals?
Not criminals, people you disagree with. I'm not surprised your fascist ass can't tell the difference. You're in deep.
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Re: Federal watchdog says 9 large US banks denied service to customers over political or religious views
wrote:
Is being black a social belief?
Apparently. Look at the libbies saying you can identify as whatever you want.
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SockpuppetRe: Federal watchdog says 9 large US banks denied service to customers over political or religious views
wrote:
So you think it is OK to deny someone access to banking because they are black?
No. That’s a protected legal class.
Being a bagger isn’t.
Stupid fuqing baggers.
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Re: Federal watchdog says 9 large US banks denied service to customers over political or religious views
ITT fascists saying it is OK to debank political enemies because... "reasons"
These libbies are 169% fascists and they are too stupid to fuqing see it. No wonder America hates them.
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Re: Federal watchdog says 9 large US banks denied service to customers over political or religious views
https://www.occ.gov/news-issuances/news … 26-90.html
OCC Releases Report on Large Banks’ Debanking Activities
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WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a report of its findings from its supervisory review of debanking activities at the nine largest national banks it supervises: JPMorgan Chase Bank, Bank of America, Citibank, Wells Fargo Bank, U.S. Bank, Capital One, PNC Bank, TD Bank, and BMO Bank.
The OCC conducted its supervisory review in accordance with the President’s Executive Order, “Guaranteeing Fair Access to Banking for All Americans,” to determine whether these banks’ policies or practices may have required, encouraged, or otherwise influenced banks to deny or limit access to financial services to Americans because of their political or religious beliefs or lawful business activities. The OCC’s findings show that, between 2020 and September 2025, all nine banks had such policies.
“Today’s report provides irrefutable evidence that the nation’s largest banks have denied, debanked and discriminated against customers and lawful businesses,” said Comptroller of the Currency Jonathan V. Gould. “Americans should have access to financial services regardless of their beliefs, affiliations, or political views. Fair access to financial services is not a mantra—it is a mandate. The Trump Administration is committed to ending the weaponization of finance against hardworking Americans, once and for all.”
In the report, the OCC found that broad reputation risk policies—which lacked clear standards and objective, risk-based criteria—disadvantaged certain Americans based on their political, religious, or social views or based on their lawful business activities. The OCC also found that banks maintained public and nonpublic policies restricting certain industry sectors’ access to financial services, including those in oil and gas exploration, coal mining or coal-powered plants, firearms or ammunition manufacturing or distribution, construction or operation of detention facilities, the manufacturing, distribution or online retail of tobacco or e-cigarettes, and digital asset activities.
In preparing the report, the OCC reviewed nearly 100,000 complaints to OCC-regulated institutions and received approximately 50,000 documents consisting of approximately 420,000 pages from these banks regarding their policies, procedures, practices, and individual customer decisions.
The OCC first announced this review of its nine largest banks by asset size in September 2025 and issued preliminary findings in December 2025. Today’s report is the latest action by the OCC to address debanking and promote fair access. Other OCC actions include eliminating considerations of reputation risk in bank examinations, clarifying the OCC’s consideration of improper debanking in assessing licensing applications and during certain examinations, and improving the OCC’s complaint intake and review processes.
The OCC’s broader work to promote fair access to financial services and advance objective and risk-based banking decisions remains ongoing. The OCC is considering actions to prevent banks from discriminating against customers or prospective customers on the basis of their political or religious beliefs and to address the problematic role of reputation risk in bank decision-making.
"Notwithstanding certain efforts by the largest banks to rein in these practices, I am not confident that they will be enough," Comptroller Gould said. "Accordingly, the OCC will be assessing further changes to the regulatory and supervisory framework applicable to the largest banks to reduce the likelihood of these harmful practices recurring in the future.”
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Re: Federal watchdog says 9 large US banks denied service to customers over political or religious views
That guy voted for Kerry. He's too stupid to have Money.
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THAT'S FASCISM!
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That guy voted for Trump. He's too stupid to have Money.
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Yeah, stupid baggers.
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Democrats are dumber than fuqing shyt.
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Re: Federal watchdog says 9 large US banks denied service to customers over political or religious views
The government shouldn't decide lending standards... that should only be done by shadowy billionaires.
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Democrats are a fuqing joke.
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SockpuppetRe: Federal watchdog says 9 large US banks denied service to customers over political or religious views
wrote:
IOT fascists saying it is OK to decake political enemies because... "reasons"
These baggers are 169% fascists and they are too stupid to fuqing see it. No wonder America hates them.
FIFY
Stupid fuqing baggers.
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Re: Federal watchdog says 9 large US banks denied service to customers over political or religious views
Baggers just can’t do logic.
Sad.
Sad but hilarious.
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