JPMorgan Chase Repeatedly ‘De-Banked’ Conservative And Religious Groups, Republican State Officials Say – Daily Wire 5/3/23


Nineteen Republican state attorneys general asserted on Tuesday that JPMorgan Chase “de-banked” organizations for their conservative and religious tendencies, calling on the nation’s largest financial institution to respect the viewpoints of their customers.

The officials stated in a letter to the firm provided to The Daily Wire that the National Committee for Religious Freedom, a “nonpartisan, faith-based nonprofit organization dedicated to defending the right of everyone in America to live one’s faith freely,” had its Chase account nixed three weeks into starting a relationship with the company and was asked to provide a list of their donors to the firm. A credit card processor owned by Chase likewise terminated the account for Family Council, a conservative organization working to strengthen traditional family values, while a firm called WePay, which is also owned by Chase, refused to serve Defense of Liberty, a Missouri-based political action committee.

JPMorgan Chase nevertheless contends that the firm remains devoted to diversity and inclusion because of its high scores on the Corporate Equality Index, an initiative from the Human Rights Campaign, a prominent LGBTQ activism and political lobbying organization.

“To be clear, banks generally have the right to conduct their business however and with whomever they choose,” the attorneys general said in the letter. “But a bank does not have the right to mislead its customers. Chase cannot call itself ‘inclusive,’ publicize that it ‘opposes discrimination in any form,’ promise to ‘prevent discrimination’ against customers, and then refuse to commit to the most basic equality of treatment and fair dealing.”

The officials asked JPMorgan Chase to participate in the survey component of the Viewpoint Diversity Score Business Index, an initiative from the Alliance Defending Freedom that evaluates prominent firms for their commitments to religious liberty and freedom of speech. JPMorgan Chase scored 15% out of 100% due to “unclear or imprecise policies” which allow the bank to “deny service for arbitrary or politically biased reasons,” according to the letter….

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