The head of the Office of the Comptroller of the Currency (OCC) declared Wednesday that his agency uncovered "irrefutable evidence that the nation's largest banks have denied, debanked and discriminated against customers and lawful businesses," including over political views.
Comptroller of the Currency Jonathan Gould made the remark after the OCC said it investigated debanking activities at the nine largest banks it supervises: JPMorgan Chase Bank, Bank of America, Citibank, Wells Fargo Bank, U.S. Bank, Capital One, PNC Bank, TD Bank and BMO Bank. The practice of debanking is the denial, restriction or closure of an individual’s or organization’s access to banking services.
The 47-page OCC report found that in February 2021, under the Biden administration, "a payment processor owned by one bank closed the account of a merchant that sold merchandise promoting President Trump and the Make America Great Again (MAGA) brand." And two years later, "one bank declined to provide financial services to a public education organization due to its partisan leanings — namely, the organization’s political arm’s endorsement of solely Democratic candidates."
https://www.foxbusiness.com/politics/us-regulator-accuses-nations-largest-banks-debanking-customers-over-political-views