# OCC Report Accuses Banks of Political Debanking

> Federal regulators accuse top US banks of politically motivated debanking.
- Title: OCC Report Accuses Banks of Political Debanking · Pymnts
- Summary: Federal regulators accuse top US banks of politically motivated debanking. The OCC report claims nine major US banks denied services to customers based on…
- Keywords: occ, banking, debanking, political, jpmorgan, capital one, trump, consumer financial protection bureau, business, finance, Report, Accuses
- Source: Pymnts — https://pymnts.com/legal/bank-regulation/2026/occ-report-accuses-banking-giants-political-debanking
- Author: PYMNTS
- Published: 2026-10-14T19:07:07+00:00
- Read time: 1 min
- Topics: occ, banking, debanking, political, jpmorgan, capital one, trump, consumer financial protection bureau, business, finance
## OCC Report Finds Debanking
Federal regulators say nine largest US banks denied services based on political or religious beliefs.

> The Office of the Comptroller of the Currency released a 45-page report called " Guaranteeing Fair Banking for All Americans " Wednesday (Oct. 14) on the issue of "debanking."
## Banks Face Fair Access Claims
Comptroller Jonathan V. Gould states fair banking access is a mandate, not a mantra.

> Americans should have access to financial services regardless of their beliefs, affiliations or political views. Fair access to financial services is not a mantra, it is a mandate.
## Debanking Policies Targeted
Banks used reputation risk policies to disadvantage customers based on political or religious views.

> broad reputation risk policies
## Banks Revised Policies
Nine banks told OCC they revised policies to ensure fair access but admitted no full remediation.

> The nine banks told the OCC they have since revised or consolidated policies to make sure they granted fair access
## JPMorgan WePay Case
JPMorgan closed accounts for Trump-related merchants after policy review.

> JPMorgan subsidiary WePay closing accounts from merchants selling merchandise related to President Donald Trump
## Capital One Abortion Group
Capital One declined business with abortion rights group after political contributions.

> Capital One declined to do business with an abortion rights group after finding that the bulk of its political contributions were to Democratic candidates
## Key takeaway

The OCC report claims nine major US banks denied services to customers based on political or religious beliefs.