JPMorgan Chase Denies It Debanked Religious Groups
View Source | May 11, 2023 7:21 pm
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- Sam Brownback, the chair of the National Committee for Religious Freedom, detailed how JPMorgan Chase suddenly cut ties with the nonprofit last year, an experience which occurred despite the financial services behemoth denying ahead of its upcoming shareholder meeting that they have debanked conservative and religious customers.
- Chase Bank, the firm’s consumer and commercial subsidiary, drew backlash in recent months for abruptly ending its relationship with 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.”
- The bank account belonging to the entity was nixed three weeks after starting a relationship with Chase, which asked the nonprofit to provide a list of their major donors and their criteria for deciding which candidates they would support.
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