StocksMediumUpdated•Originally published 15 October 2026•Updated 15 October 2026•
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OCC Accuses Major US Banks of Political and Religious Debanking
Key Facts
1The Office of the Comptroller of the Currency (OCC) accused nine major US banks, including JPMorgan and Bank of America, of denying services to customers based on political or religious beliefs.
A debanking probe found that JPMorgan and other banks terminated services for MAGA merchandise sellers and Democratic Party groups. The Office of the Comptroller of the Currency (OCC) accused nine major institutions of denying banking access based on political or religious beliefs, Benzinga reported.
The regulator's claims target leading firms including JPMorgan and Bank of America, alleging the use of non-financial criteria to 'debank' lawful entities. Regarding stock performance, JPM closed at $335.28 and BAC at $51.39 on October 14, 2026, while WFC and Citigroup (C) finished the same session at $80.90 and $122.27 respectively.