OCC Debanking Report

U.S. OCC Releases Preliminary Report on Debanking

Some mornings, the news hits you like a jolt of cold water — shocking at first, then oddly clarifying. That’s how it felt when the U.S. Office of the Comptroller of the Currency (OCC) dropped a preliminary report on debanking, finally calling out what so many in the adult industry have been living with for years. It’s strange to feel victorious over a problem you never should’ve had in the first place, but here we are, holding something that looks a lot like validation.

The OCC names nine major banks — the kind everyone’s parents told them were “safe,” including Chase, Wells Fargo, and Bank of America — for potentially violating the President’s Executive Order against discriminating toward people engaged in “lawful business activities.” Reading it, I had one of those moments where you want to underline every other sentence because someone, somewhere in government, actually said the quiet part out loud. The OCC states that the adult industry, among others, was subjected to “inappropriate distinctions” when trying to access basic financial services:

“The OCC’s preliminary findings show that, between 2020 and 2023, these nine banks made inappropriate distinctions among customers in the provision of financial services on the basis of their lawful business activities by maintaining policies restricting access to banking services… For example, the OCC identified instances where at least one bank imposed restrictions on certain industry sectors because they engaged in ‘activities that, while not illegal, are contrary to [the bank’s] values.’ Sectors subjected to restricted access included oil and gas exploration, coal mining, firearms, private prisons, tobacco and e-cigarette manufacturers, adult entertainment, and digital assets.”

Seeing adult entertainment listed there — not as a punchline, not as an afterthought, but as a recognized target of discrimination — is surreal. It’s proof that the federal government isn’t just aware of the problem; it’s saying, pretty plainly, that the problem matters. That we matter. And for once, the burden shifts off the people running these businesses and onto the banks that have quietly punished them under the guise of “values.”

This marks the first time in a long time that the adult industry isn’t shouting into the void. The OCC has confirmed that we’re covered under the Executive Order. Banks now know that the old playbook — the one where they shut down accounts for “reputational risk” and shrug — might actually put them on the wrong side of federal policy.

There’s still a road ahead, of course. In the coming weeks and months, the OCC will move into the rule-making phase, and that’s where the shape of all this becomes real. We’ll learn more as they flesh out the details, and so will everyone who’s been denied a basic checking account simply for doing legal work that made some executive squeamish. But for the first time in years, there’s a crack of daylight. Maybe — just maybe — we’re watching the beginning of the end of a discrimination problem that never should’ve existed in the first place.

And honestly? It’s about time the people holding the money had to explain themselves.

About thewaronporn

The War on Porn was created because of the long standing assault on free speech in the form of sexual expression that is porn and adult content.

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