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U.S. Banking Regulator Warns Wall Street on 'Debanking', Claims Practices 'Unlawful'

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The Office of the Comptroller of the Currency (OCC) has launched a regulator crackdown on Wall Street banks over alleged 'debanking' policies, calling the actions "unlawful." The report names nine national banks for restricting services to crypto firms and other sectors. The move aligns with broader CFT (Countering the Financing of Terrorism) enforcement priorities. The OCC warned it may refer cases to the attorney general for further action.
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