The Office of the Comptroller of the Currency (OCC) on Monday announced actions to end “unlawful debanking” in the federal banking system.
Comptroller of the Currency Jonathan Gould said in a statement, “The OCC is taking steps to end the weaponization of the financial system. We are working to root out bank activities that unlawfully debank or discriminate against customers on the basis of political or religious beliefs, or lawful business activities. If and when the OCC identifies such activity, it will take action to end it.”
The OCC, following an executive order signed by President Donald Trump, released a bulletin to banks clarifying how…
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