OCC Releases Preliminary Findings from Its Review of Large Banks’ Debanking Activities — 2025-12-10

WASHINGTON—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.