Posted on 12/12/2025 6:12:40 AM PST by SeekAndFind
The Office of the Comptroller of the Currency (OCC) has released a report saying that the nine largest lenders in the U.S. made “inappropriate distinctions” that it used to restrict services among certain customers.
Following the signing of an executive order by President Donald Trump in August of this year, the OCC began reviewing all banks for any current or past practices that effectively barred customers on the basis of political or religious belief.
Wednesday, the OCC released its report, saying that it had found conclusive proof that nine large banks had policies that either refused services to some industries or required higher levels of scrutiny that exceeded the actual financial risks between 2020 and 2023.
According to Bloomberg, the banks involved are accused of restricting access to firms in numerous sectors, including oil and gas exploration, coal mining, firearms, private prisons, payday lending, tobacco and e-cigarette manufacturers, adult entertainment, political action committees and digital assets.
The OCC said that many of the banks had publicly disclosed their policies, which were often tied to environmental, social and governance (ESG) goals.
Comptroller of the Currency Jonathan Gould said in a statement: “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.”
The Bank Policy Institute, which advocates for many of the lenders named in the OCC report, issued a statement saying, “It’s in banks’ best interest to take deposits, lend to and support as many consumers and businesses as possible to drive economic growth. The industry supports fair access to banking and is already working together with Congress and the administration to ensure banks are able to serve law-abiding customers.”
Earlier in the week, JP Morgan CEO Jamie Dimon was dismissive of concerns about debanking, telling Fox News that the issue was mostly made up and that the people concerned about it needed to “grow up”.
The OCC continues to investigate the matter and says it will hold the banks “accountable,” including the possibility of referrals to the U.S. Department of Justice.
- @JPMorgan
- @BankofAmerica
- @Citi
- @WellsFargo
- @USBank
- @CapitalOne
- @PNCBank
- @TDBank_US
- @BMO
I’m a little salty these days because we keep hearing about evidence arising regarding much of the left’s illegal activities, yet nothing happens. It’s as if they want to keep the base inflamed without hurting anyone in the club.
We need Less talky talk and more action from this administration.
The banks need to be cut off from the taxpayer Federal Reserve computer systems. This would effectively close them down.
We the People pay for that banking system and these banks denied us access based on our constitutionally protected rights.
They have no rights to the Federal Reserve computer systems but we the people do.
The stockholders, who voted in the ESG standards, should be the one’s held accountable.
The big ‘Hedgies’ need to be stripped of their majority positions.
We need to understand how DEEP the Deep State is and how difficult it is to fight decades of entrenched corrupt bureaucrats ( this includes the judiciary). We all want things to change for the better yesterday, but unfortunately, miracles seldom happen.
All talk. Justice deferred is no justice at all.
These types of issues work a little bit differently than your average “criminal case”. I’ve worked in the banking industry and here is what usually happens.
The federal regulators come to the banks and they enter into what is called a consent order, where the banks admit to wrongdoing without actually being found to be doing anything wrong. The federal government will assess a huge fine on said bank, usually in the hundreds of millions or upwards of $1 billion. They will then have the regulators come in for a period of time and assess their practices, in this case lending practices where there will be multiple regulatory actions that need to be reviewed by outside auditors like Price Waterhouse Cooper’s as well as internal audit.
After a period of so many years, usually five, everybody will congratulate themselves for fixing a problem and moving forward. While this is a very serious issue about debanking people for their political affiliations, these are largely opportunities for the federal government to have a jobs program within the financial services industry.
And it will only get worse with AI being assimilated into everything we do and the dims running out of control.
Good points.
The most effective approach to the “debanking” issue is for some conservative law firm (rumors are they actually exist somewhere) to put together a class action lawsuit against these banks on behalf of anyone who was debanked.
If the effort succeeded then at least the plaintiffs would get some decent compensation.
Yet, I will bet that many of the Freepers here use these as their personal bank.
I have NEVER used ANY of them.
I use Citizens and a local credit union.
All of my mortgages were through local credit unions like St Mary’s Bank or DCU.
It's basically the opposite of what ESG was (and still is in the shadows). ESG ranking was nothing but a Dim-butt-kissin' score so that the pension fund managers (state employees, almost always Dim) would abuse their position by steering pension fund investments into Dim-run businesses. For example, Tesla's ESG ranking tanked as soon as Musk publicly said he'd quit supporting Dims and would support Trump. It didn't matter that Tesla still made EV's that supposedly was saving us from our carbon sins.
No it was not made up. I have perfect credit scores. I am also a United frequent flyer. They offered me a club card several times. Last year I took them up on it. I did not have to many cards or any other issue. I was denied and they told me to call the credit rating services. I called them all. I was perfect everywhere. I called Chase and they said I was fine. Then they denied me. They even told the person on the phone what was wrong, and he was not allowed to tell me what the problem was. I had never been a chase banker but my wife and several of my children were. And yet I could not get a card. Ten days after Trump took office, I get my card. Nothing changed. They gave no reason. I just got on Feb 1 what was denied me several times without any stated cause on January 15th. I remember looking at the bank VP in front of me talking to the credit card VP. They were talking about the reason I was denied. But they were not allowed to tell me. The only thing that changed was that Trump became president. And remember they sent me personalized invitations to this card on my United account and in regular mail —multiple times.
So yes, it happened. And yes, its secret. And yes, its very wrong. You don’t have a relationship with a bank. You don’t have a good credit score. Your bank can just say, I don’t want to do business with you can you are separated from your money.
Pam Bondi’s pile must be getting pretty large on that desk.
These are mostly the “too big to fail” banks that were bailed out by the federal government in 2008 while many regional and community banks were forced to reorganize or merge with the too big to fail banks. Within a year, the government saved big banks were back to paying out millions in bonuses to favored executives while main street families were suffering job and income loss due to the deep recession caused by the banking crisis. Blame policies of both the Bush and Obama administrations for this travesty.
Look at how much the big banks and Wall Street banks spend buying votes in Congress each year. The next financial crisis will see your personal savings evaporate while the big boys once again are bailed out at your expense. Banking is not a free market in today’s economy. It is a cozy crony relationship between big government and the big financial institutions.
These are mostly the “too big to fail” banks that were bailed out by the federal government in 2008 while many regional and community banks were forced to reorganize or merge with the too big to fail banks. Within a year, the government saved big banks were back to paying out millions in bonuses to favored executives while main street families were suffering job and income loss due to the deep recession caused by the banking crisis. Blame policies of both the Bush and Obama administrations for this travesty.
Look at how much the big banks and Wall Street banks spend buying votes in Congress each year. The next financial crisis will see your personal savings evaporate while the big boys once again are bailed out at your expense. Banking is not a free market in today’s economy. It is a cozy crony relationship between big government and the big financial institutions.
Was a Platinum Wealth Client with them for twenty years. Honestly, don't think they really gave a crap that I did it, it made me feel better though.
We still have a checking account with Wells Fargo, it’s my wife’s account. I do all of my banking with Credit Union of Texas, they’re great.
They all should be arested, coinvicted & thrown in jail. While we are at it, let's seize their money, and forbid them to ever deal with a bank in any form or fashion. We will see if they can grow up over their treatment, just because we do not lie their beliefs.
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