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Cake day: March 12th, 2025

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  • The OCC expressed concern that, between 2020 and 2025, the banks restricted access or required “escalated reviews and approvals before providing … access” to certain customers with connections to oil and gas, coal, firearms, private prisons, tobacco, payday lending, adult entertainment, digital assets or political action committees and political parties.

    It’s that last part that, presumably, spurred President Donald Trump in January to accuse Bank of America – while its CEO was on stage at the World Economic Forum in Davos, Switzerland – of debanking conservatives.