Free Republic

Only two years ago, the idea that some Americans were being “debanked,” or cut off from financial institutions after being deemed politically incorrect, extreme, or dangerous, was often dismissed as a conspiracy or an accident. But federal regulators announced on Wednesday that they had reached a very different conclusion: Debanking really did happen. The Office of the Comptroller of the Currency (OCC) said that nine of the nation’s largest banks, as measured by assets, had policies in place between 2020 and 2025 that may have influenced their decisions to “deny or limit access to financial services” to customers or potential...

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...