Trump OCC Gives Customers New Tools to Hold Banks Accountable for Anti-Gun Discrimination.
By Larry Keane
The Office of the Comptroller of the Currency is giving bank customers, including firearm industry members, a clearer path to document politicized de-banking and enter those concerns into the regulatory record. The move is a welcome development to further implement President Donald Trump’s Executive Order 14331, “Guaranteeing Fair Banking for All Americans,” and marks another needed step toward ending the practice of denying lawful businesses access to essential financial services because “woke” banks disfavor the firearm industry.
NSSF has long reported on banks using vague “reputational risk” excuses and woke boardroom gun control policies to choke off access to accounts, loans, credit, payment processing and other essential financial services. That discrimination hit lawful, highly regulated businesses whose only offense was serving Americans who choose to exercise their Second Amendment rights.
President Trump’s order states banking decisions must be based on individualized, objective and risk-based analysis, not politics, ideology or hostility toward lawful business activity. The order specifically cited the former Obama administration-era Operation Choke Point as a “well-documented and systemic” effort by federal regulators to pressure banks away from serving lawful industries that are disfavored by the political left…like the firearm industry.
That insidious practice was discontinued under President Trump’s first term but returned anew in a privatized form under former President Joe Biden.
The OCC’s new public comment guidance, however, gives President Trump’s executive order practical force. The agency says bank customers and stakeholders can share de-banking experiences with the OCC and the Federal Deposit Insurance Corporation and those complaints may be considered when the agency reviews bank licensing filings. They may also be considered during Community Reinvestment Act examinations.



