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Top U.S. banks dropped customers over political and religious views, regulator says

The report cites nearly 100,000 complaints and says the banks lacked clear standards while using broad reputation-risk policies.

  • On Wednesday, the Office of the Comptroller of the Currency released a report finding that nine major banks restricted financial services between 2020 and September 2025 based on customers' political or religious beliefs.
  • Regulators launched this review last year following an August 2025 executive order from President Donald Trump directing officials to examine alleged 'politicized or unlawful debanking' practices.
  • Banks utilized internal 'reputation risk' rules to close accounts for conservative organizations, flagging terms like 'MAGA' and applying designations from the Southern Poverty Law Center to assess customer relationships.
  • OCC Comptroller Jonathan Gould called the findings 'irrefutable evidence' of discrimination, while Acting Director Mark Paoletta of the Consumer Financial Protection Bureau announced a separate investigation into the institutions' compliance.
  • Gould expressed skepticism that recent bank reforms will prevent recurrence of these practices, warning they 'may not go far enough' and noting the OCC will assess further regulatory and supervisory changes.
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Weekly Real Estate News broke the news on Wednesday, October 14, 2026.
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