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.
If anyone is surprised, they have not been paying attention.
This should serve as a partial list of which banks to not bank with.
Pull out of any large national bank and move accounts to local well-established, high rated Credit Union or locally-owned financially healthy commercial bank or Savings & Loan, depending on your needs and their terms.
Mine is America First Credit Union. Great company, but regional.
👍
I’ve been with credit unions since the 1990s. Had a First Union teller change
the writing on a deposit, stole $400. (Refunded).
The biggest reason not to deal with banks? Hate “affordable housing?” I do.
If you bank with a regular bank, some of your money is funding The Community
Re-investment act, which creates more “affordable housing”.
I had 5 long years of enjoying “affordable housing”: domestic arguements, stolen
goods fenced, tapping into vacant units to run grow lights. Also got good at
identifying what caliber weapon was being fired off next door, on a Friday night.
No way is one red cent of my money going to the “Community Re-investment Act”.
👍
I would be discerning in picking a credit union, too.
Throughout most of my adult life, I was a member of one of the largest credit unions in the country in Western Mass, which I will not name.
They went full tard Obamaesque woke during COVID and I dropped them after a 40 year association.
Yes. Navy Federal is a good one (cousin works in one for a decade or more). . Charter Oak in CT is a good one (Granddaughter works at their HQ). I use one connected to my former employer (based in California).
All three have received very good ratings over the years.
All the “Too big to Fail” crowd.
This is a list of banks that should be sued into near oblivion.
All Wars are Bankers Wars including the WAR ON FREEDOM!!
Get out of debt and the Bankers fail
Just sayin
money rules the world, and they rule the money. LOVE to see where the Bush clan figures in to all this…
All wars are government wars.
Wells Fargo has been fined:
Warren Buffet was the #1 direct owner of Wells Fargo’s stock during that time. Now the #1 direct owner of Bank of America is Warren Buffet.
Then again Warren hates America and can’t die soon enough.
He also owns Dairy Queen. Haven’t seen one with a US born owner since the 80s, or
since I moved out of Ohio. Might even be the same in Ohio now.
“Warren Buffet” – the ORIFICE of Omaha.
Also stepped in to save UHC, at the “Too Big To Fail” Cabal’s request. BOA’s entire balance sheet of silver bullion, it is not only Warren’s but it is on loan from JP Morgan.
There was a silly young woman a few years ago during the pandemic crash, who thought she was a “financial advisor”. Stated to everyone around her, she had no idea why anyone kept talking about Warren. He was just some old guy who had a few big moves in the 80’s. Bet she is working at Slurpee Heaven now. lol
“…and could send recommendations to the DOJ requesting prosecution.” LOL
exactly
Because they were mentally & morally paralyzed.
or maybe just stick with the strongly worded memo and do nothing
A Level Playing Field is the Left’s Worse Nightmare
Under President Trump’s leadership, Congress can pass a simple single page law that says no person or entity can be debanked or discriminated against in any way by a financial institution unless the entity or individual is convicted for a crime that required banking to facilitate the crime e.g. had the bank not been a component, the crime could not have occurred.
Unfortunately, congress is in the pockets of big banking so they will not bite the hand that feeds them.
right — so they will “investigate”, scream, send some letters, and it will fade.
Congress appears to be rather disinterested, to say the least, in passing ANY legislation that would further President Trump’s agenda or actually help hard working, law abiding taxpaying CITIZENS of the United States! They are doing everything they can to make sure the Democrats retake the House next year so that they can go back to being the “beleaguered” minority party! They will then resume their fundraising efforts by promising that they will fix everything “next time” they get the majority…lather, rinse, repeat!
To say that I despise these people is not even close to describing how I feel about them, but I will leave it at that for now!
They make excellent money playing as the Washington Generals.
Weirdly prophetic how The Harlem Globetrotters named their fake opposition.
There is no lawyer who is capable of writing a one-page, clearly stated law. It’s trained out of them at college.
And this is exactly why cutting off CBDC must be cut off at the pass.
President Trump vowed while campaigning in New Hampshire that he would not allow it under his watch!
Let’s see him make good on that.
Lets see him quash it forever.
Just kicking the can down the road will let it happen, but on the next guy’s watch.
Those words evoke images of Biden checking his watch to see if those dead service members show up on it.
No president or Congress can put any EO or law into place forever. That’s in the Constitution.
Any law can be changed, removed, or replaced by a subsequent Congress.
Any Executive Order can be nullified or replaced by a subsequent president.
And of course all EOs and Laws passed are subject to judicial review if challenged for constitutionality.
Someone, after 222 years and counting, should challenge the constitutionality of John Marshall’s travesty.
Which ruling – Marbury v. Madison (1803) ?
I live in NH and bank at an a small institution named after the Sugar River. They gave me a porfolio loan for an off grid cabin with 55 acres of land. Try that at a one of these big banks!
Small credit unions is the way to go.
Amen. And small community banks.
True.
But that doesn’t address the issue for the business community that is being affected and the downstream effect on consumers,
Glad that I did that 3+ decades ago.
I also closed credit card accounts with Citi & BoA when they started their shenanigans years ago.
Eff ‘em all.
Credit unions still have to belong to a fed-member bank for wire services et. al. Most of them, if you ask, are in with the big boys
The Madison, WI based credit union that bought my very local bank is as woke/dei as you can get. Do some research before moving your money. I’m not suggesting they are all like that, just do some research.
Can a lawsuit be filed against these banks for violating civil rights?
Let’s say a trillion dollars?
Why stop at 1 trillion? When your international bankster daddy can just wave his wand and create what ever is required for the moment?
How about informing all of the victims?
Boppalooski, DOJ will do nothing. They have no integrity or true respect for the law!
The DOJ needs a change of leadership. YESTERDAY!!
Capital One: “What’s in your wallet? No, seriously. Show us your voter registration card.”
“Show us your social media postings for the past 10 years.”
It totally pays to buy local and bank local, I’ve been doing that for the last 30 years. Same with mortgage loans. When I have an issue, I want to be able to walk into somebody’s office and look them in the eye and have them answer my questions. I quit using large institutions that are not within driving distance from my house.
“Digital Currency would make De-Banking even more efficient, mein Fuhrer!”
Peter Sellers was great in playing those three roles in that movie.
Let’s start by prosecuting Jamie Damon of JP Morgan. This is just one example.
FTA: The Receipts
Dimon testified at a Congressional hearing and stated under oath in 2021 that JPMorgan Chase would not lend to manufacturers of Modern Sporting Rifles (MSRs). “We do not finance the manufacture of military-style weapons for civilian use,” Dimon said at the time using a gun control trope to describe MSRs.
It didn’t end there. Just two years ago, JPMorgan Chase was caught red-handed using their financial might to pressure the financial software company Intuit into preventing firearm businesses from using their payment services. The revelation came to light after several businesses told U.S. Sen. Ted Cruz (R-Texas) of Intuit abandoning them, only to have Intuit tell the senator they made the move after JPMorgan Chase, along with Bank of America, told them to prohibit gun manufacturers and sellers from using Intuit’s QuickBooks software.
The decision to debank firearm businesses was not an issue of credit worthiness or sustainable business models. It was all political. And intentional.
JPMorgan Chase chose to bend to political pressure that started with Operation Choke Point, former President Barack Obama’s plan, along with U.S. Attorney General Eric Holder and the Federal Deposit Insurance Corporation (FDIC), to squeeze out firearm-related businesses and other politically disfavored industries by classifying them as “high risk” or “reputational risk.” Congress ended Operation Choke Point, but the practice was privatized and continued unabated.
Dimon admitted as much when he testified in 2021. The decision to withhold banking services to firearm-related businesses was a political decision. MSRs are legal products. They are the most popular selling centerfire rifle in America with over 30 million in circulation today. To put that in perspective, that’s more rifles in circulation than there are Ford F-150s on the road today, the most popular selling pick-up truck in America.
https://www.nssf.org/articles/j-p-morgan-chases-dimon-says-bank-doesnt-discriminate-nssf-has-receipts/
It is downright scary to see how easily so many of our rights were violated during the reign of King Autopen and his handlers.
On the outside a frail, impaired man – on the inside Communist vermin who came within a hair of completely destroying the Constitution and eliminating ALL of our rights.
It’s been happening for decades, but the big ramp up was under obama- Joe was just continuing the obama/holder assault and American’s civil rights.
I’ve always feared Holder would run for President.
Anyone else think that Holder is the most middle eastern looking
“black man” they’ve ever seen? Dude looks like he’s from Egypt.
Acts like it too.
Fines are the only remedy for bad behavior. Taxpayers were forced to bail these creeps out in 2008.
The school systems at all levels are creating the people that are communists at heart.
It’s like the madrases that produce an endless supply of jihadis.
You can’t fix this until you fix the schools and universities.
All the universities have vast piles of cash and also get government supplied dollars.
Fine them. They must expiate their sins.
Schools will not be fixed in any real sense for decades.
The answer is to mass home school with a classical education model such as the one at Liberty University.
Starve the beast of its human capital.
nope…not schools not yet……it starts at home…(and yes, fine the schools).
“Train up a child in the way he should go: and when he is old, he will not depart from it.” Proverbs 22-6. KJB
https://biblehub.com/proverbs/22-6.htm
There are so many kids that are in church every Sunday and read the Bible and pray with their parents at home that turn away from their parents teaching after attending public schools.
Kids spend all day with teachers and administrators that push an anti-Christian, anti-American agenda. They are also spending their free time at school and outside school with kids that don’t share their values resulting in peer pressure to conform to the secular, leftwing values that control our institutions.
If the kids have access to the internet, they are being fed non-stop propaganda by algorithms that specifically target them.
Even if you don’t have cable of Netflix, your kids will get access to streaming by using their friends accounts.
It starts in kindergarten. Most kids show up to their first day of college fully indoctrinated.
Public schools are the problem. Until people want to be honest about that, the country is lost.
to me, as employed by one of them, realized early early on, something was wrong. When I could, I got out,
Big, BIG mistake when they debank Trump’s businesses.
HUGE mistake.
Let the chips fall where they may.
Dimon – you first.
Fine each of these banks into receivership and put the operations in the hands of patriots.
I think there’s major legal jeopardy for the banks entering into agreements in restraint of free trade. The public disclosures can be seen as the method used to enter into de facto agreement to discriminate, harass and cause deliberate financial harm.
Check the banks C Suite investment patterns to see if they tried to profit personally. Make the useless CEOs and ESG whores sweat a little. Asses!
Class action lawsuits for ALL of them…..
Burn them to the ground…..
Boycott, boycott BOYCOTT!
Make their names SHAMEFUL!
I fear boycotts won’t work…there is a reason they are called “too big to fail”….
I don’t discriminate in boycotts…I just shut my wallet tight…so they all lose my pennies…
The sting of one bee vs the stings of them all…..
Make them into thousands of regional banks….break them up. Nothing in this country should be too big to fail.
Don’t forget about Paypal.
IMO it’s best not to bank with any of these banks. Go with a credit union.
The last home mortgage I had was with a credit union, after 2 years, they sold it to Goldman Sachs. I pulled all my money out and went with a small community bank, and then paid off my home loan.
Well, that’s crummy. I’m with USAA for over 35 years, but didn’t get my mortgage through them, nor was it with any of the listed 10 banks. Paid off long ago. GS puts a bad taste in my mouth. None of these banks is worth associating with.
I am not aligned with any of the banks listed but it doesn’t mean my bank is not similar. There is much resistance to MAGA America First from such Globalist institutions. Unfortunately many average American citizens are unaware or don’t care about this criminal overreach. This includes many unaware MAGA America First supporters.
It’s the don’t care part that is most troubling.
Jamie Dimon, who intends to run for POTUS has said their practices most certainly were not motivated by customers political or industry affiliations.
Y’all just need to get over it. They were all just following the orders of a despotic, militarized gubmint.
Where have we heard that defense used before?
It doesn’t matter WHAT the Goobermint does….
It is plain as day….
The “system” is not for us….
Goobermint is NOT in the business of JUSTICE anymore…..
The people need to do it on their own….
Using the tools they have under the Constitution……
That task is now upon our shoulders…..
I missed putting in the quotation marks around paragraph 2… Massa Jamie said that, not me.
It’s always been our task , we just failed to do it for many, many generations.
Failed miserably I might add….
Trial run. It’s coming with the digital currency. Trump is a speedbump.
I see. The new “redlining.”
The first one was fake, banks’ lending decisions were based on actual financial prudence, not the race of potential clients; this one has no sound financial basis – it’s wokeness manifest.
The DOJ where criminal cases go to die.
Did the banks do this due to pressure from the pResident *Biden administration??
Joe’s hand puppets: Barry – and Susan Rice
Joe was the hand puppet.
What was that the Democraps were yammering about the other day?
Something about refusing to follow “Illegal” orders?
Yeah….this is one of them….
Screw these bastards to the wall….
NO MERCY!
It’s my understanding that regulatory limitations prevent both Federal and (most every) state Chartered/Regulated Banks from canceling/closing cancel accounts without good cause, and prevent them from discrimination related to race/ethnicity, etc. Good cause is usually either fraud/suspected fraud or prolonged inactivity. Strengthen these laws – (1) add political ideology as protected from discrimination; (2) mandate that banks cannot decline to do business with any individual/entity that is engaged in a legally operating business/enterprise based in whole or in part on the nature of the business/enterprise and (3) give individuals and business entities a PRIVATE RIGHT OF ACTION against any bank that violates these provisions, with fines/penalties paid to the individual/entity that was “de-banked.” (4) tie civil penalties (paid to the regulatory agency) to the penalties tied to the Private Right of Action, so that the banks pay both, and ensure that they HURT and aren’t nominal.
This would reduce/mitigate the effects of selective enforcement by regulatory agencies, and prevent them from “feathering their nests” without having to compensate the injured parties.
It was a test run. One more reason they are trying to get rid of cash! And get us all into smart cars, homes, phones, etc. Don’t behave–click of the switch!, we will teach you!
Unfortunately I feel this 2020-2023 was just a trial run for social credit score style linked debanking.
And you will have your handy dandy AI tool scanning your computer for wrongful think and reporting “home” to your digital identity hub.
The digital walls are already being raised, they just need to close the door on your digital prison
Example: tourists are proposed to be required to undergo social media strip search before entering the US. 5 years worth of social media account history. How long do we all think these measures will just target tourists?
Yeah, like there will be any repercussions!! No way that will EVER happen!! Reaming us in plain sight is what they do!
I did no investing, no savings. Only checking accounts, credit cards, and social security deposits . 44 years of relationships and dumped point blank. ( And they still send me promo mail) !
Jamie Dimon told Maria Bartiromo in an interview to get used to it, it was no big deal.
OCC reviewing 100,000 complaints.
How it worked. There was never a law passed or formal regulation. It was pure deomocrat regulatory pressure
FDIC examiners would show up at a bank and ask, “Are you still banking any payday lenders or gun shops?”If the answer was yes, the bank’s safety-and-soundness rating could be downgraded.Lower ratings → higher FDIC insurance premiums, trouble getting merger approvals, and constant audits.Result: Banks sent mass termination letters (often called “Dear John” letters) to thousands of lawful customers with little or no explanation.
Consequences?
I didn’t think so.
It is all bullchit unless they pull a charter.
It is the same when OSHA or the EEOC arrives at your business….. the easiest and safest way is to do what THE MAN SAYS TO DO.
This is absolutely disgusting and nothing will be done!! As usual we are shortchanged! 💁🏻♀️
Pam Bondi will soon be able to see above the Continental Divide from atop the rug she has swept things under. This will be another.
What rug? She doesn’t even come to work.
We have a Democrat running Justice, in fact.
Her and her fat pal Wiles need to be hustled off the stage. Like Laurel & Hardy. Like last month.
People keep asking for or pondering on … the identity of the Puppet Masters beyond the nebulous WEF, BIS and DAVOS Conclave.
This report is the start of the trail of crumbs leading to names …. those with the ownership stakes in these 9 institutions, held via holding companies and foundations, are the Puppet Masters.
People like the Soros family are mere bag men for the Puppet Masters via their NGO’s and Holding Company … Soros net holdings are meter money by magnitudes compared to the Puppet Masters.
People like Jamie Dimon and Larry Fink are just public figure heads and mouth pieces.
The Big 5 Investment firms are merely financial service arms. Investment Firms OWN NOTHING.
We know the US puppet string holders … to name a few …. Elon Musk, Bill Gates, Larry Page, ….
Right now the top boys are selling their stakes holding from the top down. Ellison, Walton’s to name a few. They are shifting what they are liquidating to silver, gold etc.
The man that holds the gold, holds the money. ~ J.P. Morgan
….” all maintained policies that restricted legal companies from access to banking based on the “values” of the bank….”
And who exactly is *the bank* and how do we ascertain their *values*??? What a freakin crock, ask the Canadian Truckers about this too… (spit – spit).
Those who say don’t bank with *them*.. Think of the money in pensions, profit sharing, 40lKs etc etc that has been deposited in most of the banks over the years.. if you take it out you pay taxes on the whole caboodle.
Yes, the debanking of Canadian Truckers is a great reference point for our future.
My personal MAGA rebellion is to pay in cash as much as possible.
The Government in Canada said there was a threat and the folks were debanked and deinsured. They were arrested.
I’m sure this “report” will put the fear of Allah in all these banking institutions. No consequences, no repercussion!
DOJ must prosecute
Nice to see some evidence and someone in authority digging in. Has been happening for years.
Andrew Torba of Gab knows about this.
“Going forward there will be accountability”.
That means no accountability now or in the future. A future Dem gov’t will turn a blind eye and banks will repeat these offenses. Then a future GOP (no longer Trump) Administration will once again “going forward there will be accountability.” Meaning, no accountability whatsoever. Smoke and mirrors by the current administration, unfortunately.
All these banks should pay compensating money, and hefty fines. The leaders of the banks and those who decided in the bad policies of the banks have to be charged, fired, and themselves pay fines. They should NOT be allowed to be CEOs of those banks or any other public corporation.
It’s not going to happen.will Diamond or the Blackrock guys who called for these policies ever be held accountable? No, of course not. They’re the Feudal Lords of today, and Justice doesn’t apply to them… even in the current administration.
Remember when…
Trump told CNBC’s “Squawk Box” in a wide-ranging interview that JPMorgan Chase informed him he had 20 days to move “hundreds of millions of dollars in cash” to another bank. He didn’t say when this happened.
The president said he then approached Bank of America to “deposit a billion dollars-plus” and was told the bank couldn’t provide him an account, Trump said.
″[Bank of America CEO Brian Moynihan] said, ‘We can’t do it,’” Trump said. “So I went to another one, another one, another one. I ended up going to small banks all over the place. I mean, I was putting $10 million here, $10 million there.”…
The any Banks should serve anyone,if not close damn banking business,
This didn’t age well.
Dimon on Trump Media debanking: ‘People have to grow up here’
JPMorgan Chase CEO Jamie Dimon pushed back on allegations that Trump Media Group was “debanked” by Chase, saying his company abides by government subpoenas but does not target individuals or entities because of their political leanings.
https://thehill.com/business/5638028-dimon-denies-political-debanking/?tbref=hp
Jamie Dimon, CEO of Chase, out and out lied about debanking when he was interviewed last Sunday by Maria Bartilomo. Devin Nunes accused Chase of debanking Trump Media during the Biden Administration and Dimon responded with a non-denial denial: “people need to stop making up things.”
The solution is to revoke the charters of these banks and make their executives liable for personal injury lawsuits. It is unconscionable that, after we taxpayers bailed out these banks in 2009 from their reckless lending, they presume to dictate our financial affairs.
? Where was the assistance of the OCC when these crimes were happening??