OCC says nine large banks used 'debanking' policies

The story so far: OCC review of bank debanking policies

The OCC reviewed nine large banks and found they applied reputation risk policies that denied or limited services to some customers, with crypto businesses among those cited. The new report on de-banking says banks restricted services to digital assets, oil and gas, tobacco and firearms, often citing financial crime…

1. 14 Oct 202612:36 UTC

   OCC says nine large banks used 'debanking' policies

   The OCC said nine large banks applied policies that denied, debanked and discriminated against some customers and businesses between 2020 and September 2025, naming JPMorgan, Bank of America, Citibank, Wells Fargo, US Bancorp, Capital One, PNC, TD Bank and BMO. OCC Comptroller Jonathan V. Gould said the regulator will assess further changes to its supervision and examination framework; no fines were disclosed.

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2. 14 Oct 202617:10 UTC

   OCC review finds US banks use reputation risk policies, Terrett says

   Crypto journalist Eleanor Terrett said an OCC review found the nine largest US national banks all apply reputation risk policies to some degree, letting politics and public pressure affect who gets financial services. OCC comptroller Jonathan Gould said coal and firearms firms were hit hardest, with crypto businesses also cited, and the report urges Congress to act.

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3. 14 Oct 202617:18 UTC

   OCC says some banks restricted digital asset firms' access to services

   The OCC published a report on de-banking, saying some banks limited services to sectors including digital assets, oil and gas, tobacco and firearms, often citing financial crime concerns. It reviewed nine large banks but listed no specific digital asset cases; Jonathan Gould commented on reputational factors.

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