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Top U.S. Banks Dropped Customers Over Political And Religious Views, Regulator Says

October 15, 2026 by sd

From CBC News:

Top U.S. banks have “debanked” customers because of their political or religious views, as well as their business activities, according to a report from the Treasury Department’s Office of the Comptroller of the Currency.

The report, released on Wednesday, examines a practice that President Trump has claimed discriminates against conservatives over their views. Debanking has also been highlighted by some cryptocurrency investors, who claim their accounts have been closed because banks are uncomfortable working with crypto industry clients.  The OCC said the report was in accordance with Mr. Trump’s 2025 executive order requiring federal banking regulators to review complaints to identify financial institutions that had declined business with clients because of their views.

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