NEWS

Republican state leaders demand JPMorgan Chase cease ‘politically motivated de-banking’

Updated: May 18, 2023 at 5:57 pm EST  See Comments

Thu May 18, 2023 – 5:03 pm EDTThu May 18, 2023 – 5:05 pm EDT

(LifeSiteNews) — Thirty-three state officials have written to the scandal-plagued big bank JPMorgan Chase demanding that it cease alleged politically and religiously discriminatory “de-banking” of customers.

Fourteen state financial officers wrote a letter to JPMorgan Chase CEO Jamie Dimon on March 23, calling on the bank to take swift action to “prevent internal political and anti-religious bias” to help remedy its pattern of “de-banking” conservatives. 

“We urge Chase to immediately take steps to…address internal drivers of political or anti-religious bias that could undermine its fiduciary obligations and impair the freedom of its customers to access financial services without fear of discrimination,” wrote the officers.

The officers cited several examples of apparent “political bias,” including Chase subsidiary WePay’s denial in 2021 of ticket payment processing for a Republican event hosted by Defense of Liberty, citing a policy prohibiting payment processing connected to “hate” or “racial intolerance.”

They also pointed to the bank’s closing of the National Committee for Religious Freedom’s (NCRF) account “without explanation,” before informing NCRF that Chase would only consider reinstating them if they provided a list of their donor

The remainder of this article is available in its entirety at LifeSite News

The views expressed in this news alert by the author do not directly represent that of The Official Street Preachers or its editors

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