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OCC Finds JPMorgan Discrimination, Shuts WePay Subsidiary

By Drooid · Oct 18, 2026, 10:32 PM UTC · How we work

Summary

Story summary

JPMorgan Chase Bank shut down subsidiary WePay after Office of the Comptroller of the Currency (OCC) found political discrimination.
The OCC reported discriminatory practices at nine banks, including JPMorgan Chase.
WePay closed accounts linked to pro-Trump merchandise, labeling MAGA hats and flags hateful.
Currency Comptroller Jonathan V. Gould said the report provides evidence banks denied services on beliefs.
The OCC announced it will assess changes to curb discriminatory banking practices.

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Story summary

JPMorgan Chase Bank shut down subsidiary WePay after Office of the Comptroller of the Currency (OCC) found political discrimination.
The OCC reported discriminatory practices at nine banks, including JPMorgan Chase.
WePay closed accounts linked to pro-Trump merchandise, labeling MAGA hats and flags hateful.
Currency Comptroller Jonathan V. Gould said the report provides evidence banks denied services on beliefs.
The OCC announced it will assess changes to curb discriminatory banking practices.