The Treasures of Arkansas, Kansas, Missouri, and Oklahoma and the state Auditor of Arkansas announced in a press release Monday they recently wrote and sent a letter to Chase’s Jamie Diamond, saying, “we write to convey our concern that the bank is engaged in what appears to be politically motivated de-banking of certain industries, individuals, and groups.”.
The letter says that as financial officers for public funds that include ownership in J.P Morgan Chase, that bank has demonstrated an apparent pattern of political bias in numerous key policy and operational decisions.
The letter cites that Chase recently closed the National Committee for Religious Freedoms account without explanation.
After repeated requests to reinstate the account, Chase informed the NCRF that it would only consider doing so if the non-profit agreed to disclose detailed information about its donors and the criteria used to decide which political candidates it supports.
The letter also states that Chase has engaged in questionable incidents of de-banking.
In one instance in 2021, WePay, a subsidiary of Chase, denied ticket payment processing services for a mainstream republican event hosted by the non-profit Defense of Liberty.
There has been no comment from Diamond or J.P. Morgan Chase. For 89 9 KRPS News, I’m Fred Fletcher-Fierro
