TREE NEWS update: The U.S. Office of the Comptroller of the Currency said nine major banks applied policies that denied, debanked and discriminated against certain customers and businesses, including digital asset firms, in a final report covering 2020 through September 2025. JPMorgan, Bank of America, Citibank, Wells Fargo, U.S. Bancorp, Capital One, PNC, TD Bank and BMO were named. Comptroller Jonathan V. Gould said the agency will assess further adjustments to its supervisory framework; no penalties were disclosed.
OCC Report: Nine Major Banks Engaged in ‘Debanking’ Practices
The OCC's report gives an official, if retrospective, account of something the digital asset industry has long alleged: that debanking was not anecdotal but embedded across the largest U.S. banks. Naming institutions without penalties keeps the finding diagnostic rather than punitive, but it shifts the question from whether the practice happened to how supervisors will treat it going forward. The absence of enforcement leaves the practical remedy unclear, and whether the promised review of the supervisory framework produces concrete changes, or remains a paper exercise, is the open question.
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