UPDATE 1 — US bank regulator faults several large lenders over debanking practices

(Adds JPMorgan motion to dismiss Trump lawsuit in paragraph 13, comment in paragraph 14) OCC finds nine largest national banks restricted services on subjective grounds Regulator stops short of imposing fines or sanctions JPMorgan files motion to dismiss Trump's $5 billion debanking lawsuit By Pete Schroeder and Manya Saini Oct 14 (Reuters) — A top US bank regulator issued a report on Wednesday finding some of the country's largest banks unfairly denied services to some clients on political, religious or other grounds, but stopped short of imposing penalties. The debanking report from the Office of the Comptroller of the Currency covered nine of the nation's largest banks by asset size. The regulator found each had policies restricting some clients' access to financial services based on subjective criteria rather than financial risk. Banks have said they close accounts or deny services because of legal, financial or reputational risks, not politics. The regulator criticized the banks for the practices, but did not indicate any sanctions or punishments were forthcoming. It said it may consider policy changes to discourage such activity. Fair Access Is A Mandate: Regulator The review