OCC Accuses 9 Major Banks of Discriminating Against Customers Over Beliefs

Key Facts

1The Office of the Comptroller of the Currency (OCC) issued a report accusing 9 major banks, including JPMorgan and Bank of America, of discriminating against customers based on political or religious beliefs.

2The supervisory review stems from a presidential directive issued by Donald Trump last August to ensure citizens' access to financial services without exclusion.

The Office of the Comptroller of the Currency (OCC) issued a report accusing 9 major banks of discriminating against customers based on political or religious beliefs. ZeroHedge reported that the list includes leading financial institutions such as JPMorgan, Bank of America, Citigroup, and Wells Fargo, alleging these banks restricted access to financial services in 'debanking' practices between 2020 and 2025.

The supervisory review stems from a presidential directive issued by Donald Trump last August to ensure citizens' access to financial services without exclusion. In market activity, JPM was trading at $337.94 on October 16, 2026, while BAC closed at $51.7 and C closed at $123.21 on October 15, 2026. WFC closed at $82.75 and USB closed at $57.39 on the same date.