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OCC report accuses JPMorgan and other banks of debanking discrimination

Original: OCC blasts debanking instances by JPMorgan, others in report The agency combed through the policies and individual accou

The Office of the Comptroller of the Currency has faulted JPMorgan Chase and other large banks over account closures, saying it reviewed policies and individual closing decisions at nine banks and found discrimination, mostly against conservatives. The CFPB has said it will investigate as well. The findings put the politically charged debanking debate back in the spotlight and could lead to enforcement actions against major lenders.

Why now: The banking regulator's accusations against major banks feed the ongoing political controversy over debanking.

OCCJPMorgan ChaseCFPB

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Evidence

• OCC blasts debanking instances by JPMorgan, others in report The agency combed through the policies and individual account-closing decisions at nine banks, alleging discrimination, mostly against conservatives. The CFPB also said it would investigate. https://www.… · AlexJimenez@mas.to

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