OCC Targets “Weaponized Finance” in Preliminary Review of Major Banks’ Debanking Practices

TLDR:  OCC found large banks applied restrictive policies that limited access for several lawful but sensitive industries. The agency reported internal rules requiring escalated reviews before certain customers could obtain services. Comptroller Gould said the OCC aims to stop actions that could “weaponize finance” across the banking system. Thousands of complaints on political and religious [...]

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