The Office of the Comptroller of the Currency announced a final rule that codifies the removal of reputation risk from its supervisory programmes, ending its use as a basis for supervisory action. Comptroller Jonathan V. Gould framed the change as a move away from subjective supervision, arguing that reputation risk has been used as a pretext for decisions unrelated to safety and soundness, financial risk, or Bank Secrecy Act and anti-money laundering compliance, and that this has contributed to lawful businesses and individuals being denied access to banking services. The OCC also linked the rulemaking to implementation of the President’s fair banking Executive Order and said it has made progress reviewing alleged debanking actions at the largest national banks, while continuing to examine specific complaints and policy choices. Gould indicated the OCC’s work under the Executive Order will continue as the final rule moves into implementation.
Office of the Comptroller of the Currency 2026-04-07
Office of the Comptroller of the Currency finalises rule removing reputation risk from its supervisory programmes
The Office of the Comptroller of the Currency issued a final rule codifying the removal of reputation risk from its supervisory programmes, ending its use as a basis for supervisory action. Comptroller Jonathan V. Gould said the change is intended to curb subjective supervision that has contributed to lawful businesses and individuals being denied banking services and is part of implementing the President’s fair banking Executive Order, with the OCC continuing to review alleged debanking and related complaints.