OCC Report: US Banks Systematically Deplatformed Lawful Businesses 2020–2025
A new OCC report reviewing 100,000 complaints confirms America's largest banks denied banking services to lawful businesses based on political and reputational considerations, not financial risk — corroborating years of crypto and conservative complaints about 'Operation Chokepoint 2.0'.
What we know
An account on X RT'd another account on X's report on the OCC's findings: between 2020 and 2025, major US banks systematically denied banking to lawful businesses based on political and reputational considerations. The report, based on 100,000 complaints, is being described as a 'bombshell' that confirms what the crypto and fintech industry has long suspected. This is likely to become a major regulatory and political story, particularly relevant to crypto firms that faced debanking during that period.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.