I’ve written about JP Morgan Chase’s far-left bias many times, going as far back as 2015. JP Morgan Chase along with Bank of America, Goldman Sachs, Citigroup, and Wells Fargo are the most radically leftist banks. Chase might be the worst of all. Whereas the others focus on giving money to left-wing causes, Chase actually forces their secular leftist views onto employees and customers.
Before we see the good news, here is something I blogged about WAY BACK in 2015:
A document provided to Breitbart News shows the investment banking behemoth JP Morgan Chase has joined a long line of major corporations in putting pressure on employees to sign up for the cause of gay rights. And they have not-so-subtly let each employee know not signing up will be noted.
Employees are being told “to help create an environment for open and honest dialogue.” The document notes descriptors such as “wife” and “boyfriend” are frowned upon, and “partner” is preferred. Not referring to your wife as your wife “offers up the opportunity for more inclusive conversations.”
Imagine me working for a company like that! As a Christian, and a conservative, I would never survive a month working for this corporation. Not even with an alias, because they are actively hunting down dissenters using loyalty tests. But JP Morgan Chase doesn’t just target employees who dissent from secular leftist ideology. They are also known for de-banking Christians and conservatives.
Here’s a report posted on the U.S. Securities and Exchange Commission (SEC) web site:
JPMorgan Chase, America’s largest bank, has proven to be one of the worst offenders. In 2022, JPMorgan Chase closed the bank account of the nonprofit, National Committee for Religious Freedom, founded by former U.S. Ambassador Sam Brownback. Chase refused to provide a clear explanation for why the account had been closed in the first place, and insisted that it would only consider re-opening the account if the nonprofit agreed to disclose confidential donor information and detailed information about its pollical activities. Over the course of the next year, Chase offered no fewer than five increasingly untenable and contradictory explanations for why it canceled the account—including a false claim from Chase’s CEO, Jamie Dimon, at the annual shareholders meeting that NCRF’s representatives had simply failed to “fill out all the forms.”
And that’s not all, there’s more:
Chase’s payment processing subsidiary, WePay, has also denied service to religious and center-right nonprofits on multiple occasions. In 2021, WePay denied payment processing services to an organization called Defense of Liberty for an event featuring Donald Trump Jr. … That same year, WePay denied service to the Arkansas Family Council for being “high risk,” presumably for their advocacy that focuses on family values.
There’s more discrimination, but the important thing is that now you know how to receive the good news that came out on Wednesday, reported by Daily Wire: (archived)
Luckily, some of the most influential names in both the conservative legal, financial, and government worlds stepped up to the plate. Pressure for increased transparency and commitments to ditch any policies that could lead to a client being debanked for political reasons has come from all directions, from legal giants like Alliance Defending Freedom to notable financial professionals to state financial officers and attorneys general. As that public pressure mounted, shareholder pressure has been growing from the inside for the past three years, spurred on by organizations like the firm I work for, Bowyer Research, with Chase investors like financial advisor David Bahnsen spending literal years urging the company to clarify its approach to debanking — and fix its spotty track record on political neutrality.
And Chase listened.
In 2023, JPMorgan made the decision to axe its “social risk” policy from its payment processing arm, no longer allowing vague terms like “intolerance” and “hate” to determine whether a customer was fit to continue doing business at Chase. But the biggest win so far came several days ago, when Chase agreed to a policy change explicitly protecting customers and employees from discrimination based on religious or political views.
[…]Shareholders like Bahnsen, and groups like ADF & Bowyer Research, have been engaging with Chase for years to get this change. Make no mistake: Chase’s willingness to protect against future political/religious debanking is the result of real shareholders using real influence to create real change.
This is very good news for me. I have some money invested with JP Morgan, and I was worried about what might happen if they found out that I don’t believe the same things they do, maybe from spying on my Chase account. I was already in good shape, because I live in a red state that opposes de-banking. But now I am really in good shape to leave the money there. So this is really good news for me personally. I hate moving things around!
By the way, I already switched out my Zelle and my credit card purchases out of Chase to smaller banks. Not willing to take any chances with big leftist banks that would label me bad names based on my donations and purchases.
Inclusive. . .the left keeps using that word. I don’t think it means what they think it means.
LikeLike