Top U.S. banks dropped customers over political and religious views, regulator says

TL;DR

A report by the OCC found that top U.S. banks have closed customer accounts due to political or religious views and business activities.
The report was initiated in response to a 2025 executive order by President Trump, who claimed banks discriminate against conservatives.
The OCC reviewed 100,000 complaints and hundreds of bank decisions between 2020 and September 2025.
Some banks were found to have policies that influenced decisions based on political, religious, or business activities.
Examples include the defunct payment processor WePay closing accounts of merchants selling MAGA or Trump-related items.
Banks also restricted businesses involved in industries like oil and gas, coal mining, or firearms.
Banks maintain policies against discrimination and are working to ensure fair access while managing risk.

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