Trump-ordered report targets ‘debanking,’ names TD and BMO

U.S. banking regulator identified Bank of Montreal and TD Bank, in a report about debanking and limiting access to financial services for certain U.S. customers due to their political and religious beliefs


A U.S. banking regulator has identified Bank of Montreal and TD Bank, along with seven other lenders, in a report about debanking and limiting access to financial services for certain U.S. customers due to their political beliefs.

The U.S. Office of the Comptroller of the Currency released a report based on findings from a supervisory review of debanking activities at nine of the largest banks it oversees, based on 100,000 complaints at OCC-regulated institutions and hundreds of individual bank decisions. The regulator said its review period spanned 2020 to September 2025.

“Today’s report provides irrefutable evidence that the nation’s largest banks have denied, debanked and discriminated against customers and lawful businesses,” Jonathan Gould, the comptroller of the currency, said in a news release.

“Americans should have access to financial services regardless of their beliefs, affiliations, or political views. ---More...

View Comments

News on the Net——

News from around the world