
JPMorgan Chase has updated its code of conduct to prohibit discrimination based on religious views and political opinions, a move resulting from an agreement with a conservative group. This policy change aims to prevent the 'debanking' of individuals due to their political or religious affiliations. Notably, the bank faced criticism after closing the accounts of the National Committee for Religious Freedom, which was associated with former Kansas Governor Samuel Brownback. Brownback has expressed support for the new policy, highlighting the importance of respecting the political and religious differences of customers. Additionally, JPMorgan Chase is taking steps to combat social media scams with a new Zelle policy, further enhancing its commitment to customer protection.
The new Senate GOP "debanking" legislation does not include a single provision preventing a bank or fintech platform from removing customers for political expression, political associations, or religious views. Lol. https://t.co/I6eriVmbhR
‼️‼️Major sea change in the targeted debanking of religious conservatives—was just addressed by @JPMorgan with a big internal policy change. ADFLegal's @KristenWaggoner also announces that Chase has agreed to implement protections against political and religious debanking. https://t.co/dO3lyLITN0
.@SamuelBrownback shares what he'd like to see happen next after JPMorgan changes policy to prevent debanking conservatives | @davidwebbshow @dagenmcdowell https://t.co/sPMeLuL2Px
