By Pritam Biswas
JPMorgan Chase said in a regulatory filing it was cooperating with inquiries from government agencies and other entities regarding its policies and procedures in light of the Trump administration’s push to scrutinize banks over alleged “debanking” of certain industries or clients.
The U.S. Office of the Comptroller of the Currency, or OCC, in September issued new guidance aimed at discouraging banks from terminating customer accounts based on political or religious beliefs, following a directive from President Donald Trump for regulators to examine financial institutions for potential political bias.
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