Story perspectives

OCC Issues Guidelines to Combat Political Debanking Practices

9/9/2025

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Summary

Story summary

The OCC issued guidance to address "unlawful debanking" linked to political or religious beliefs, following Trump's executive order.
Comptroller Jonathan Gould stressed the importance of safeguarding the financial system from politicization and protecting consumer data.
The OCC will evaluate banks' adherence to these guidelines during licensing and Community Reinvestment Act reviews.
The Small Business Administration established deadlines for lenders to comply, seeking to eliminate past practices.
Critics argue there is insufficient evidence of widespread debanking, citing minimal consumer complaints.

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Story summary

The OCC issued guidance to address "unlawful debanking" linked to political or religious beliefs, following Trump's executive order.
Comptroller Jonathan Gould stressed the importance of safeguarding the financial system from politicization and protecting consumer data.
The OCC will evaluate banks' adherence to these guidelines during licensing and Community Reinvestment Act reviews.
The Small Business Administration established deadlines for lenders to comply, seeking to eliminate past practices.
Critics argue there is insufficient evidence of widespread debanking, citing minimal consumer complaints.