San Francisco Judge Dismisses Tim Sloan's $34M Lawsuit Against W

The OCC found that nine major banks used subjective reputation policies, impacting lawful businesses, including digital assets. The report, based on extensive data, supports crypto industry claims of debanking but does not prove a coordinated government campaign. Banks reviewed include JPMorgan Chase, Bank of America, and Citibank.

JPMorgan Chase, the largest US bank, announced it will block external AI agents like Meta's Muse and Instinct from logging into and moving money within customer accounts. The bank supports data sharing through approved aggregators like Plaid but opposes credential sharing. JPMorgan's CEO Jamie Dimon warned about the risks of 'rogue agents' and liability transfers. The bank's third-quarter earnings showed a 6% increase, with growth in consumer deposits.

The Office of the Comptroller of the Currency (OCC) released a report stating that nine major U.S. banks may have denied or limited services to customers based on political or religious beliefs. The banks reviewed include JPMorgan Chase, Bank of America, Citibank, Wells Fargo, U.S. Bank, Capital One, PNC, TD Bank, and BMO. The OCC found that these banks had risk policies lacking clear standards, potentially disadvantaging certain customers.

First Horizon Corp. is selling $4.5B in residential mortgage loans, citing high rates. PNC, Wells Fargo, and U.S. Bancorp reported mortgage income declines. BofA's mortgage loans fell to $115B. High rates hurt mortgage origination and refinancing.

A federal review found that JPMorgan Chase's payment subsidiary WePay screened merchants for political and religious terms like 'MAGA' and 'America First' before reviewing accounts. The OCC's report examined nine major banks and their policies from 2020 to 2025. The CFPB has launched an investigation into potential violations of federal consumer financial laws by these banks.

The OCC's report names nine major banks, including JPMorgan Chase, Bank of America, and Citibank, for politically driven account closures. The review, spanning 2020-2025, found banks denied services to sectors like oil, firearms, and cryptocurrency. The OCC may refer cases to the attorney general, and a DOJ probe is ongoing. Banks defend their actions, while lawsuits from Trump-related entities are pending.