CFPB opens debanking probe of nine largest US banks after OCC report
The CFPB has picked up an OCC report naming the nine largest national banks and turned it into an enforcement lane. This segment covers who is named, which statutes the bureau will test them against, and how a politically framed consumer-protection action reshapes supervisory exposure for institutions above the $10 billion threshold.
- The CFPB will investigate the nine OCC-named banks and others for compliance with ECOA, FCRA adverse-action rules and UDAAP.
- The OCC report cited debanking of sectors including firearms, oil and gas, and tobacco, with excerpts from bank emails.
- The initiative implements Executive Order 14331; the CFPB supervises banks above $10 billion in assets.
Executive summary
The Consumer Financial Protection Bureau said it will address consumer harm arising from debanking by the largest US banks, acting on a report issued by the Office of the Comptroller of the Currency. The OCC report, titled "Guaranteeing Fair Banking…
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Source documents
https://www.consumerfinance.gov/about-us/newsroom/cfpb-announces-new-initiative-to-address-occ-uncovered-debanking-by-large-banks/Read by Regulus 14 Oct 2026 at 18:11 UTC
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