The Aporia
Subramanya, R. (2026, October 15). How Debanking Took Hold Inside the Biggest Banks. The Free Press. https://www.thefp.com/p/debanking-investigation-trump-rupa-subramanya
Subramanya, Rupa. “How Debanking Took Hold Inside the Biggest Banks.” The Free Press, 15 Oct. 2026, https://www.thefp.com/p/debanking-investigation-trump-rupa-subramanya.
Subramanya, Rupa. “How Debanking Took Hold Inside the Biggest Banks.” The Free Press, October 15, 2026. https://www.thefp.com/p/debanking-investigation-trump-rupa-subramanya.
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The Office of the Comptroller of the Currency (OCC) announced on Wednesday that nine of the nation’s largest banks had policies in place between 2020 and 2025 which may have influenced decisions to deny or limit financial services to customers based on their political, religious beliefs, or lawful business activities. This includes major institutions like JPMorgan Chase and Bank of America, who reportedly used purely political criteria to exclude certain consumers from banking services. The OCC investigation covered more than 100,000 consumer complaints and reviewed over 50,000 internal bank documents. Democrats have been criticized for using these practices as a means to restrict financial access based on ideological grounds, which some argue can be financially devastating for individuals and businesses deemed politically incorrect or extreme.