JPMorgan Chase reverses course on political and religious "debanking" after shareholder pressure forces a policy shift.

The biggest bank in the US, JPMorgan Chase, wouldn’t be what it is if it didn’t know when, and how to toe the line – to its own maximum benefit, at any time.

And so, the financial giant that over the past four years seemed perfectly happy to stay in sync with the Biden administration regarding one of the most controversial and egregious policies a bank can engage in – namely, “debanking” on political/ideological grounds – understands which way the wind now blows.

(But perhaps customers should remain wary of what the future may hold under some different political configuration in the US.)

Right now, in any case, JPMorgan Chase has agreed to a policy change that protects customers from denial of banking services because of their political or religious views.

This involves a change in the Code of Conduct that’s supposed to protect against instances of political or religious debanking.

...read more at reclaimthenet.org