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Federal Reserve Vice Chair for Supervision Michelle Bowman said “de-banking” – banks closing accounts or denying services without clear financial justification – has become a problem in the U.S. financial system. In a Bloomberg Television interview on Tuesday, Bowman warned that the Fed is prepared to intervene if additional cases surface, underscoring that access to banking services should be based on measurable risk rather than ideology. Bowman added that the central bank is waiting for the public-comment period to close before finalizing a new leverage-ratio framework for large institutions, a rule aimed at strengthening capital oversight. She stressed that her overall view on monetary policy has not changed since the July Federal Open Market Committee meeting, when she voted for a rate cut. Her remarks come a week after President Donald Trump issued an executive order directing regulators to investigate politically motivated account closures, heightening scrutiny of banks’ customer-selection practices. Bowman said the Fed would coordinate any future steps with other banking agencies once the comment period ends and more data on de-banking incidents become available.