TD, BMO among nine banks named in U.S. banking discrimination report

The U.S. Office of the Comptroller of the Currency (OCC) has named Bank of Montreal and TD Bank, along with seven other major lenders, in a report detailing instances of debanking and restricted access to financial services for certain U.S. customers based on their political beliefs. The OCC's review, which focused on 100,000 complaints from regulated institutions, came in the wake of a 2025 executive order from then-President Donald Trump.

The order emphasized that Americans should not face denial of financial services due to their religious or political beliefs. Jonathan Gould, the comptroller of the currency, accused the nine banks of "denying, debanking and discriminating against customers and lawful businesses." While TD Bank has yet to comment on the report, the Canadian Press was able to secure a statement from the Bank Policy Institute, a U.S. industry advocacy group.

The institute, which advocates for fair access to banking services, stated that it is working to ensure that government regulations and policies enable banks to serve law-abiding customers.