PNC Financial Services Group (PNC) In OCC Report On De Banking By Belief

PNC Financial Services Group (NYSE:PNC) was cited in a new OCC report for policies tied to account closures over belief-based affiliations. The regulator found PNC Bank applied reputation risk reviews that contributed to de-banking groups with specific political or religious identities. The Trump Administration responded by pledging federal action to curb what it calls the weaponization of finance in such cases. OCC findings that PNC Bank de-banked groups over political or religious beliefs...