CFPB investigates nine major banks—JPMorgan, BofA, Citi, Wells Fargo, others—for illegally closing accounts based on customers' political, religious beliefs; firearms, oil, gas sectors most affected after October 2026 OCC report.

CFPB Opens Debanking Investigation Into Nine Large National Banks

Consumer Financial Protection Bureau building in Washington, D.C.Diego M. Radzinschi/ALMThe Consumer Financial Protection Bureau announced on October 14, 2026 that it will examine whether nine of the largest national banks broke federal consumer financial law when they closed or restricted customer accounts. The announcement followed a report by the Office of the Comptroller of the Currency, which the CFPB said identified policies at those banks denying or restricting access based on customers’ ...