Republican attorneys general from 19 states signed the letter to CEO Jamie Dimon.Leonardo Muñoz/Getty Images
19 Republican states accused JPMorgan of closing bank accounts for political or religious reasons.
In a letter to CEO Jamie Dimon, they say the bank asked questions about religion and politics.
The attorneys general wanted JPMorgan to participate in a diversity survey linked to free speech.
Republican attorneys general in 19 states have accused JPMorgan Chase of closing accounts and discriminating against customers based on their political or religious beliefs, according to a report.
In a letter sent to JPMorgan CEO Jamie Dimon and reviewed by The Wall Street JournalRepublicans representing 19 states said the bank had canceled the checking accounts of major organizations and asked screening questions focused on religion and politics before reinstating them.
The attorneys general said JPMorgan “abruptly closed” the checking account of the nonprofit National Committee for Religious Freedom (NCRF) before a letter informing it of the decision had been delivered.
The complaint said a bank employee eventually told the group that JPMorgan would restore NCRF’s account if it provided a list of its donors, a list of the political candidates it intended to support and details of the criteria used to determine its support. and guarantees
“The bank’s brazen attempt to condition critical services on a customer who passes an unarticulated religious or political litmus test flies in the face of Chase’s anti-discrimination policies. Worse, it flies in the face of the core American values of equity and equality”, the signatories of the document. said the letter.
The letter was signed by Daniel Cameron of Kentucky and Steve Marshall of Alabama, and co-signed by their counterparts in states like Florida, Georgia and Texas.
In March, also treasurers of 14 Republican states he wrote to Dimon with similar claims, The Journal reported.
JPMorgan was also accused of rejecting a proposal to participate in a survey for the Viewpoint Diversity Score Business Index, which measured a company’s respect for “freedom of expression and freedom of religion or belief as a standard part of doing business”. according to their website. JPMorgan received a 15% score for the index in 2022.
The story continues
The letter also claimed that JPMorgan asked the Securities and Exchange Commission to ignore a proposal that the bank disclose its account closure policy.
A JPMorgan representative told The Journal, “We have never, and would never, exit a client relationship because of their political or religious affiliation.”
A JPMorgan spokesman said: “We do not close accounts for religious or political affiliations, and we did not in these cases.”
Read the original article at Business Insider
