The Office of the Comptroller of the Currency is preparing to publish supervisory findings that will name JPMorgan, Bank of America and seven other large banks in its review of alleged political debanking, Reuters reported on 15 June, citing people familiar with the matter.
The report said the OCC planned to name the institutions as part of an inquiry into whether banks closed or restricted accounts on the basis of customers' political views or activities. The nine banks under review are JPMorgan, Bank of America, Citigroup, Wells Fargo, Capital One, U.S. Bank, PNC, TD Bank and BMO Bank, and the findings were expected in the coming weeks.
REGULATORY CONTEXT
The OCC is the federal regulator responsible for supervising national banks. President Donald Trump signed an executive order on debanking, 'Guaranteeing Fair Banking for All Americans', in August 2025, and the OCC issued bulletins on politicised or unlawful debanking in September 2025.
The OCC already named the same nine banks in preliminary findings published in December 2025, which said they had made inappropriate distinctions among customers on the basis of their lawful business activities, and said it could refer its findings to the Justice Department.
RELATED PROBES
The Justice Department has also subpoenaed major banks over alleged debanking, Reuters reported on 10 June.
Reuters reported that the review was expected to name and shame banks and result in disciplinary action, although the legal basis for enforcement remained unclear because most of the affected groups are not protected under fair lending laws.
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