Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Free Financial Advisor
The Free Financial Advisor
Business
Amanda Blankenship

CFPB Investigates 9 Major Banks Over Alleged Discriminatory Account Closures

debanking investigation
Nine major U.S. banks face CFPB scrutiny after federal regulators identified policies that could restrict financial services based on customers’ beliefs or lawful business activities. Around the World Photos/Shutterstock

The Consumer Financial Protection Bureau (CFPB) announced on October 14, 2026, that it is investigating whether nine major U.S. banks violated federal consumer financial laws by restricting customers’ access to banking services based on political or religious beliefs or lawful business activities.

The announcement follows a report from the Office of the Comptroller of the Currency (OCC), which found that the nine largest national banks under its supervision maintained policies or engaged in practices that could restrict access to financial services for certain customers.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.