The practice of debanking, of cancelling the bank accounts by undesirables for political and/or religious reasons has been called a myth by the left and denied by the banks accused of doing it. The targets are almost always conservative and/or Christian, with a healthy dose of gun supporters thrown in there for good measure.
Now, the Office of the Comptroller of the Currency (OCC) has confirmed debanking of non-leftists occurred in 9 banks, which are U.S. Bank, JPMorgan Chase Bank, Wells Fargo Bank, Bank of America, Citibank, Capital One, PNC Bank, TD Bank, and BMO Bank. The Comptroller, Jonathan V. Gould, said, “The OCC is committed to ending efforts – whether instigated by regulators or banks – that would weaponize finance. Although our work continues, the OCC is today providing visibility into the debanking actions against customers and lawful businesses taken by the nation’s
The Office of the Comptroller of the Currency (OCC) has confirmed what many of us have known for years — multiple major banks displayed bias in their financial censorship.
The OCC issued a press release yesterday announcing the results of its preliminary investigation into nine banks regarding their practices of restricting, cutting off, or imposing extra burdens on certain customers. Donald Trump and many of his prominent supporters have suffered financial censorship in recent years, as have companies and whole industries despised by leftists.