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OCC Report Finds Banks Debanked Customers Over Political Beliefs

By Drooid · Oct 14, 2026, 6:26 PM UTC · How we work

Summary

Story summary

U.S. regulators found major banks discriminated against customers for political, social, or religious beliefs.
The Office of the Comptroller of the Currency released a 47-page report on debanking 2020-2025.
JPMorgan Chase’s WePay closed MAGA merchant accounts, flagging terms like “MAGA” after Jan. 6, 2021.
U.S. President Donald Trump sued JPMorgan Chase, alleging his 2021 accounts were closed for political reasons.

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Story summary

U.S. regulators found major banks discriminated against customers for political, social, or religious beliefs.
The Office of the Comptroller of the Currency released a 47-page report on debanking 2020-2025.
JPMorgan Chase’s WePay closed MAGA merchant accounts, flagging terms like “MAGA” after Jan. 6, 2021.
U.S. President Donald Trump sued JPMorgan Chase, alleging his 2021 accounts were closed for political reasons.