Treasury says largest U.S. banks let politics influence who received banking services

The Treasury Department's Office of the Comptroller of the Currency found some of the nation's largest banks allowed political considerations, public pressure and social concerns to influence decisions about who received banking services, according to a sweeping report released Wednesday. The OCC said it reviewed the nine largest national banks under its supervision, examining nearly 100,000 complaints and about 420,000 pages of documents. It found that all nine had used "reputation risk" policies that lacked "clear," "objective" standards and could disadvantage customers because of their political or religious views or lawful business activities.