The Office of the Comptroller of Currency has released the final report after investigating the banking practices of nine major institutions based on over 100,000 examples of banks refusing business based on politics and worldviews.

[OCC PRESS RELEASE HERE]

“Today’s report provides irrefutable evidence that the nation’s largest banks have denied, debanked and discriminated against customers and lawful businesses”…

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. (more)

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