The United States Office of the Comptroller for the Currency (OCC) has delivered the preliminary results of an investigation into large U.S. banks and the practice of “debanking” customers based on ideology. [PDF HERE]
Between 2020 and 2023, the OCC found that JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc., Wells Fargo & Co., U.S. Bancorp, Capital One Financial Corp., PNC Financial Services Group Inc., Toronto-Dominion Bank, and Bank of Montreal, all maintained policies that restricted legal companies from access to banking based on the “values” of the bank.
According to the OCC report, “these nine banks made inappropriate distinctions among customers in the provision of financial services on the basis of their lawful business activities by maintaining policies restricting access to banking services or requiring escalated reviews and approvals before providing certain customers access to financial services.”
Press Release – […] The Office of the Comptroller of the Currency (OCC) today released preliminary 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 Banking for All Americans” to determine whether these institutions debanked or discriminated against any customers or potential customers on the basis of their political or religious beliefs or lawful business activities.
“The OCC is committed to ending efforts – whether instigated by regulators or banks – that would weaponize finance,” said Comptroller of the Currency Jonathan V. Gould. “Although our work continues, the OCC is today providing visibility into the debanking actions against customers and lawful businesses taken by the nation’s largest banks to ensure public awareness, and to halt these harmful and unfair practices.”
The OCC’s preliminary findings show that, between 2020 and 2023, these nine banks made inappropriate distinctions among customers in the provision of financial services on the basis of their lawful business activities by maintaining policies restricting access to banking services or requiring escalated reviews and approvals before providing certain customers access to financial services. For example, the OCC identified instances where at least one bank imposed restrictions on certain industry sectors because they engaged in “activities that, while not illegal, are contrary to [the bank’s] values.” Sectors subjected to restricted access included oil and gas exploration, coal mining, firearms, private prisons, tobacco and e-cigarette manufacturers, adult entertainment, and digital assets.
The OCC’s findings confirm that these or similar policies and practices were in place at each of the banks reviewed. In a reaction to the observations Comptroller Gould stated, “It is unfortunate that the nation’s largest banks thought these harmful debanking policies were an appropriate use of their government-granted charter and market power. While many of these policies were undertaken in plain sight and even announced publicly, certain banks have continued to insist that they did not engage in debanking. Going forward, the OCC will hold banks accountable for these actions and ensure unlawful debanking does not continue.”
This review was first announced by the OCC in September 2025. While the OCC is releasing preliminary findings, its work continues to better understand the full extent and effect of these actions and their impact on affected industries and the American economy. The OCC is also still reviewing thousands of complaints to identify instances of political and religious debanking, which it will report on in due course and as appropriate. (LINK)
The six-page report identifies several industries that faced uphill climbs securing banking services, including oil and gas companies, cryptocurrency firms, tobacco and e-cigarette manufacturers, and firearm companies. The OCC said that many of these banks had publicly disclosed relevant policies, often tied to environmental, social and governance goals.
The report also found some banks adopted heightened reviews for potential customers based on negative coverage in the media.
The OCC will complete their investigation and could send recommendations to the DOJ requesting prosecution.
There had better be HELL TO PAY for the actions of these institutions!
Don’t hold your breath!
I’d like to see it too…but disappointment is the only constant in the universe….
Communist China, anyone?
Social credit scores?
Gimme a break!!!
Debank, deplatform, delay
isolate, ridicule, marginalize
the Alinsky Way.
I’m on my third FB profile. Debunked, deplatformed….
I think of the Walk Away FB page the most. The most true, sincere and real stories of people waking up….until. POOF. 💨
Pretty sure Brandon Straka was debanked as well…
And all the ridicule on the MSM and Late Night circuit.
Do Not Look Away!
Tip of the iceberg. What about credit ratings are conservatives treated differently????
Not sure about credit ratings but I once had a credit rating of 820 and could not get a prime credit card and it made me mad. Seems I didn’t have enough debt to get a card. Citi bank backing a Best Buy card, at the time it seemed like bait and switch offering me a different card at different rates.
So why is this all being allowed to happen. It seems with everything, irreversible damage is being allowed to happen that will be impossible ro be reversed.
Unless someone used their bank account to conduct criminal activity, and I mean activity that rose to the level of felonies, then I think ‘debanking’ that person should be illegal. Being able to access and use a bank account is simply too central to modern everyday life for banks and other financial institutions to ban you for your personal viewpoints and activity that is otherwise protected by the Constitution.
Some of these banks cite the risk of incurring “reputational harm” and other similar BS when justifiying debanking people. When someone is conducting lawful and even Constitutionally-protected activity that other people, including those high up in government, disapprove of, who cares what bank they wrote their checks on? These banks are debanking people to kowtow to those government high-ups, and certainly in some cases because they agree with it. That is all there is to it. All the bank officials involved, as well as the government mucky mucks who are behind it, should all be publicly exposed and personally sued into oblivion.
“Unless someone used their bank account to conduct criminal activity, and I mean activity that rose to the level of felonies, then I think ‘debanking’ that person should be illegal.”
I share your opinion.
All it will take to make it happen is a majority vote of our friendly congresspeople and their colleagues.
Short of that, your opinion (and mine) about this, along with fourteen dollars, will get each of us a cup of coffee at Starbucks.
An executive order might take care of it for a while, but not for long.
I would refer you to George Carlin
Friendly congresspeople? In what Universe?
It is probably the underlying regulations (nowhere close my strong point) authorizing one to engage in banking………yet at a certain level how similar or dissimilar is this to “No shoes No shirt No service”
And…..that elite a** Jamie Dimon says these people debanked “ need to grow up.”
Its hard to come to terms with his arrogance.
If only we had anything resembling a Justice Dept or functional judicial system.
I think his money (ill gotten gains) should be donated to victims of the debanking scam….. and he should be barred from working in banking/finance sector for life…. since he was the CEO and Chairman while felonies were being committed.
“Turns out I am really good at killing people. Didn’t know that was going to be a strong suit of mine.”
Cancel culture is not and never was a bottom up, consumer driven occurrence. It was always top down and controlled. Companies like Google and FB might share the ideology, but they are still companies and have duties to their shareholders. This was always the Gov putting pressure on them to restrict speech they don’t like.
I’m impressed that Trump is viewing this as a priority. He absolutely should.
They de-banked his businesses, not to mention Melania and Barron. The president of BankAmerica then lied about it to his face.
It’s personal.
As you say, this was all the Obama/Biden Crime Syndicate.
At NYMA Donald Trump was known for his counter-punching ability while a member of the boxing team.
So Bondi can flub the investigation and no one is responsible. Or, fine the hell out of the banks and give the govt the $ and no one who was debanked sees a penny.
They were bailed out with US taxpayer funds during the 2008 crash, while everyone else got crushed.
Then a few years later, they debanked the same tax payers that saved them from ruin…
How is this not prosecutable?
Because we have a Justice Dept who don’t even know what a crime is.
A bunch of dolts with Bondi as their feckless “leader.”
Dolts…or on the Other Team?
Because the Senate will not approve competent US Attorneys to prosecute crime in Blue states, where most of it come from. Senate Blue Slips stop Trump from appointing the type of US attorneys he wants and Sen Grassly is content to see that the practice continues. The problems in Eastern District of VA with the prosecutions of cases for Comey and the NY AG, and in New Jersey are the latest examples. Bondi has only about 4 confirmed US Attorneys since taking office. The Deep State is fighting hard!
Quote attributed to Ken Breene “…….you have no idea how politicized the environment is within which prosecutorial decisions are made.”
Forward thinking how to get MAGA onboard for total surveillance digital money. I understand the pain people went through but whats coming will be much worse than this. Least you could local bank soon that will be a pipe dream. Eric Trump is pushing for digital big time. No thanks. I know a lot will hate that statement. Don’t care.
Also contemplate splitting between Banks and Credit Unions so as to cover gaps. Similar yet quite different
Who will be the first in the media slag heap to call Jamie Dimon a mf’in liar on-air? (Too subtle?)
Be aware of what is lurking in the shadows of the depths of Lake Antisemitism………..there is something patiently waiting for someone to make that bonehead move, then………….POUNCE
Using currency as a political tool could very well cause the dollar to collapse
The US Dollar has been and is currently being used as a political tool.
The result has been the rise of BRICs, the near collapse of the dollar, and the eminent collapse of the Kiev Regime.
Exactly
And that is surprising.?………We Are the HEGEMON!!!!!
And take a look in the dustbin of Hegemons
Consolidation of the banking industry beginning in the 1980s and accelerating in 1990s was driven by technology, political goals (e.g., US global banks to compete with the then future EU), political de-regulation, political economic policies of de-industrialization and evolution through “knowledge” and “service” and “information” economies to the current “transaction”, “transfer payments (direct and via academia and NGOs) and “forever war” economy (which produces little durable goods, i.e., assets representing a store of value).
Greed, consumption and “now” [“I want my money. And, I want it now.”], significantly the “plaintiffs’ bar” and “mass tort” settlements … [both of the latter which the demonrats and many rinos are entrenched to perpetuate through justification; beyond their dependence on the illegal trafficking of drugs and human beings] … had the electorate blind to the subversion of the system of banking and capitalism which had been at the core of the USA’s economic success, and the mortgaging of the nations future [Government debt of $39 trillion plus $275 trillion in unfunded obligations and commitments].
Perhaps it is not too late to re-establish the US economy base on capitalism [not the federal government picking “what the idiot politicians want to be the industries of the future”]. …
For example, https://www.zerohedge.com/markets/fermi-craters-50-after-losing-first-tenant-its-massive-texas-data-center
Not to mention EVs – cars, trucks, commercial ships, … and ever increasing incentives to fuel urban sprawl with new housing starts while former urban areas become increasingly toxic waste lands.
Correct. I was too young to understand the late 1980s-early 1990s banking collapse, but I do remember all the New England banks being devoured by Fleet Bank in its aftermath.
We used to have multiple large banks in New England. Fleet bought out The Bank of New England in 1991, Shamut in 1995, and BankBoston in 1999 (BankBoston had itself taken over BayBank in 1996).
In less than eight years New England’s five major banks had been reduced into Fleet.
Then in 2004 Fleet itself disappeared into Bank of America’s maw.
So in the span of less than 15 years, New England’s 250 year old decentralized regional banking system was destroyed and replaced by a single national entity.
15 years later, Bank of America began weaponizing its financial monopoly to target, harass, and punish individuals with the “wrong” values.
I remember the Community Reinvestment Act forcing local bank branches to relax their lending criteria, making mortgage loans to disadvantaged residents within a defined radius of each bank branch, who had no means to pay back the loans. This practice coincided with deregulation, and strong community savings banks that had once held 1-4 family mortgages as their prime asset were now forced to make bad loans and then sell them on down the line. At the same time they introduced non-FDIC backed annuities and mutual funds to their customers.
It was the community-based regional banks that stepped up to rescue local businesses, processing SBA loans during the Covid lockdowns while the big boy banks refused to move the paperwork. Even before Covid the big banks sent notices to their smaller customers that their business was no longer welcome. No fee increases or negotiated terms, just Adios!
These banking monopolies set up to starve the mom and pop Main Street businesses are dangerous to the American economy on so many levels.
The weaponing was the Government reaching through BOA.
I took care of the president of the initial bank that morphed into BOA. He was a true gentleman. Later my group cared for the thugs who evolved into the current BOA. What a detestable group. I can’t express the satisfaction felt when I canceled my BOA accounts and credit cards after J6 and the BOA credit card data release to the FBI. At a minimum all of these suckers should be debunked. After all, it’s no big deal to them.
One of our biggest challenges is that we can’t get a consensus of enough ‘good’ people to effectively push back against these totalitarian measures which have incrementally weakened our Constitutional Republic. Imagine if everybody, not just a few at a time, stopped using fake news outlets. Imagine if everyone refused to enter sports arenas that hawk poison death shot commercials and diss the American flag?
Imagine if everyone who voted for President Trump wrote their Congressmen en masse to demand recess appointments and legislation that codifies our President’s MAGA EO’s into law? Imagine if we as a collective, not just one isolated official in Colorado, demanded sweeping transparency and election reforms?
Imagine if every eligible US citizen showed up on Election Day?
Not enough people have the courage of their convictions to be willing to put it all on the line. But you can bet that the forces aligned against the free world are systematically buttoning up every hole until mass resistance is no longer an option.
Capitalism does need some supervision. A decently run company will want to grow itself into a monopoly.
Banks could only do lending and banks were limited in the coverage they were allowed. When that changed banks could grow bigger, but at that time the government was letting every company grow bigger.
The tipping point was 2007 and 2008 for the banks……Too Big To Fail. Instead of breaking the banks up, they were allowed to get even bigger. Now the call goes out periodically to get rid of the Regional Banks.
We need everything big broken up into competitive pieces. Banks, Big Pharma, Big Ag, Apple, Microsoft, Google….They all need the Ma Bell treatment. And the Big Federal Government needs it too. Ed, Trans, Labor, and more need to be closed.
In general, I agree with your statements. Though for perspective, “too big to fail” was only a catch phrase because of the feral government’s ’90s push to have “national banks” consolidate in order to maintain dominance in anticipation of the economic power then expected from the EU’s imminent creation. With hindsight I doubt the legitimacy of the concern; Dulles wanted a unified Europe (obviated by the collapse of the USSR), and before Dulles the League of Nations and then the UN were the conceptions of progressives to orchestrate a OWG.
But, even before the ’90s the feral government’s failure to allow the liquidation of Chrysler in ’79 set the stage facilitating increasingly “bad management”. Not that the US feral government hasn’t been bailing out companies and industries since the founding. But, diverse, appropriately fragmented industries (say with three to five dominant leaders) allows for innovation and creative destruction when “bad management” destroys any one company.
Related, until 2005, under the bankruptcy code of 1978, the USA enjoyed a predictable (albeit costly), pragmatic way to salvage, reorganize and refinance failed businesses. Since 2010 (thanks to ted kennedy) most bankruptcies have been wholesale liquidations, or “kick the can down the road” refinancings (most following the “greater fool theory”. … Excess liquidity due to feral government now being 80% +/- of the GDP (as continually redefined to keep that % lower; GNP is no longer relevant), evolved the venture capital industry in to the private equity industry, now hedge funds – because everything is “speculative gambling” and transaction fees, no more investing or even value investing.
When an American Presidential election is so brazenly stolen the morals of too many go out the damn window and the uglies emerge.
Make Credit Unions Great Again.
Next question. Were these banks coerced by the Biden administration/DOJ to target various companies?
Likely. Good luck getting convictions before Trump’s term is up. If the Dems win in 2028 their DOJ will drop the prosecutions.
Hochul and other Anti Trump Politicians were basically installed and recommended by big wigs at JP morgan, etc.
This stuff is all interconnected.
It is just like Sundance saying ANTIFA is the FBI. They could not exist without the FBI allowing it
Fine them four trillion dollars each and put it toward our debit. Then we will only have two trillion left to pay off…
Where is the “four trillion” coming from ? “NHBandit”‘s excess wealth ?
P.S. It’s “debt” not “debit”. … And, “four” plus “two” is “six”. … But, the feral government’s debt is $39 trillion, excluding $275 trillion of unfunded obligations and commitments.
Since the OCC mentions a government granted charter to these large banks, how about revoking said charter(s) in favor of temporary operating charters ? Subject to quarterly OCC review of bank policies and related activities ? Put them on VERY short leashes. Some penalties, large enough to get shareholder attention, might also be in order.
Too Big To Fail. Nothing should be Too Big To Fail.
You see it at Boeing. They have become so poor at what they do nothing is on time or quality built.
The airline industry seemed to tank, with erratic schedules, breakdowns and delays, just as the Green New Deal manifesto was published, which included the complete elimination of all domestic air travel. There are no coincidences.
“Banksters on Dim payrolls”,…. not Bankers! Where are the honest G-Men, to bust’em good, Kash,… those DOJ/FBI that believe in and Defend Clark Kents’ America?
Yawn. Nothing will happen to the banks. They line the pockets of the uniparty with cash.
It appears to currently be standard operating procedure for banks, judges, business, etc., to make their decisions based on political bias, rather than any interpretation of the law.
Lucy and the Football
Right, let’s see if anything happens, OH wait, Duh. Probably nothting.
I see they stopped short of linking the whole debanking movement to the same globalist funds managers who’ve forced the ESG model on the corporations/general public!!
The two primary catalysts for debanking are Democrats and their Deep State allies, along with Blackrock, Vanguard, Fidelity, etc
It was absolutely not “the values” of a single bank, following their individual corporate principles or risk strategies.
It was clearly a coordinated effort.
The big four JPMorgan, BA, Citi, WellsFargo are members of the infamous “too big to fail” aka “Systemically important financial institutions (SIFIs)” who all got HUGE taxpayer bailouts. They are not free-market institutions. They are government-backed, government insured and government bailout-financed.
This was collusion. It was racketeering. It was illegally acting in concert. It was not individual bank risk-management.
… ok … as I’ve said before, all things liberal have a beginning – NOT organic (“grassroots”) – orchestrated.
Regarding Chinese students … by 1993, LSU was infested with Chinese students … the American students called them “bedheads” because they took OVER the Computer Lab cubicles (including sleeping in them) … by the time the American students were inching towards graduation in 1996, they distinguished the newest invasion as “dots”, “not feathers”.
That was 30+ years ago.
My guess if banking trends of 30 years ago were scrutinized – the attention of the banks for “bedheads” and “dots” started then.
The numbers of foreign “students” invading American Universities these 30 years later, are astronomical.
The objective … to invalidate the value of American students to no longer be an American Bank priority.
The banking cult is and will always be hands down,,,, the biggest threat to man and this world as a whole. Counters of money and prostitutes go back together a long long way. Nuff said!
If you are expecting some sort of retribution against these democrat party supporters, I have a great bridge in brooklyn to sell you. We already bondi will only write letters. Now if the govmint would just look away for a bit, I’m sure some average citizens would extract a fair price from these communists in our midst. What they deserve is immediate biological reorganization, because only that will get other rich elitist predditors from doing this again.
This will always be problematic. It’s hard to effectuate change if you’re being debanked. I can’t think of anything more un-American.
Until people start going to prison, it’ll happen again, and again. I know, I know, not terribly insightful. None the less, it is true
I used to work for one of them. DO IT doj! Too big for their breaches! All of em!