Chase Scales Back De-Banking Policy That Targeted Christians

An FDIC sign is posted on a window at a Silicon Valley Bank branch in Wellesley, Mass., on Saturday, March 11, 2023. From winemakers in California to startups across the Atlantic Ocean, companies are scrambling to figure out how to manage their finances after their bank, Silicon Valley Bank, suddenly shut down on Friday. U.S. customers with less than $250,000 in the bank can count on insurance provided by the FDIC. (AP Photo/Peter Morgan)

A Christian law firm is applauding a major bank chain for rolling back one of its controversial policies that led to the de-banking of several conservative individuals and nonprofit organizations over the last few years.

JPMorgan Chase, the largest bank in the U.S., rolled back its WePay service that required merchants to refrain from accepting payments or using the service for activities related to “social risk issues,” which the bank defined as anything “subject to allegation and impacts related to hate groups, systemic racism, sexual harassment and corporate culture.”

The language was removed from the company’s WePay terms of service, the Alliance for Defending Freedom (ADF) discovered this month.

“We support clients around the globe and in every state in the U.S., across industries, religions, and political affiliations,” a JPMorgan Chase spokesperson told Fox News Digital in a statement on Thursday evening.

“Chase has used this policy to discriminate on the basis of viewpoint,” ADF senior counsel Jeremy Tedesco told Fox News Digital in an interview. “The policy itself is a risk to every single person who uses WePay and Chase, the biggest bank in America.”

“There’s millions of people where it’s a threat to them being denied or losing payment processing,” Tedesco continued. “So, it is significant that they eliminated that policy. The next step we think for Chase is because they’ve been saying, ‘we’re firmly committed to not discriminating against people on their religious or political views,’ in different documents. That statement, we want them to put in their forward-facing customer policies. That’s the next step.”

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