OCC reports nine largest US banks, including JPMorgan, engaged in debanking practices

OCC: The Office of the Comptroller of the Currency is the primary federal regulator that charters, supervises, and examines national banks in the United States. On October 14, 2026, it released a report detailing its review of debanking practices at the nine largest national banks under its supervision. The findings highlight policies that led to denials of banking services based on political, religious, or lawful business activities rather than objective risk criteria. JPMorgan Chase: JPMorgan Chase is one of the largest national banks in the United States and operates under the supervision of the Office of the Comptroller of the Currency. It is specifically identified in the OCC's October 14, 2026 report as one of the nine institutions that maintained broad reputation risk policies and sector restrictions resulting in debanking of certain customers and businesses. Affected Sectors: Bank policies restricted access for industries including oil and gas, firearms, tobacco, and digital assets. Political Context: The review aligns with broader federal efforts under President Donald Trump to ensure fair access to banking services regardless of political or religious beliefs. Regulatory Action: The OCC report examines debanking policies maintained by the nine largest national banks between 2020 and September 2025.