OCC Report on Debanking: Banks Face Scrutiny
Update: 2025-12-11
Description
President Trumps push against debanking practices has led to a new report from the OCC, confirming past debanking activities and warning of potential penalties. The OCC examined nine major banks, finding policies that restricted certain industries from accessing banking services. The report linked to past public policies, particularly those concerning environmental issues, and suggested referrals to the attorney general. However, the report did not specify which laws might have been violated. The OCC had previously attempted to implement a rule allowing banks to assess risk factors individually, but this was set aside at the beginning of Bidens administration. Critics argue the report didnt go far enough, as it failed to mention regulators own reputation assessments.
DNN | The Daily News Now!
The world’s first global local news network.
Every city. Every story. AI powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
