Major US banks denied services over political views – regulator

A Treasury Department review found that nine banking giants discriminated against customers over their beliefs and business activities Nine of the largest US banks discriminated against customers over their political views and business activities, including conservative organizations and individuals, the Treasury Department’s banking regulator has said in a report on debanking practices.The Office of the Comptroller of the Currency (OCC) reviewed the policies of JPMorgan Chase Bank, Bank of America, Citibank, Wells Fargo Bank, US Bank, Capital One, PNC Bank, TD Bank, and BMO Bank under President Donald Trump’s executive order aimed at ensuring “fair access” to banking services for all Americans. Trump has long accused Democrats of weaponizing institutions against his donors and supporters.The review found that between 2020 and September 2025, all nine banks “have denied, debanked and discriminated against customers and lawful businesses,” Comptroller of the Currency Jonathan Gould said on Wednesday.According to the OCC, the banks closed accounts and denied financial services to customers whose activities risk managers considered “controversial,” including on issues such as abortion...