OCC presents evidence of de-banking and discriminatory practices by major banks
JPM JPMorgan Chase & Co
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View chart & analysis → - 1The Office of the Comptroller of the Currency stated that it has provided irrefutable evidence that major banks have refused and discriminated against customers and legitimate businesses in a 47-page follow-up report.
- 2The OCC reviewed approximately 420,000 pages of documents and identified cases involving nine banks under OCC jurisdiction that held de-banking related policies between 2020 and 2025.
- 3JPMorgan Chase stated that its policies prohibit discrimination based on political or religious views and that the regulatory environment contributed to fostering a culture of caution.
So what's the key point?
The OCC found evidence that major banks refused customers and engaged in discrimination. JPMorgan Chase said its policies prohibit discrimination.
Source Banking Dive +1 · View original ↗
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