{"id":1929308,"date":"2023-05-12T00:56:03","date_gmt":"2023-05-12T04:56:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jpmorgan-chase-denies-they-debanked-religious-groups-head-of-impacted-nonprofit-responds\/"},"modified":"2023-05-12T00:59:58","modified_gmt":"2023-05-12T04:59:58","slug":"jpmorgan-chase-denies-they-debanked-religious-groups-head-of-impacted-nonprofit-responds","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jpmorgan-chase-denies-they-debanked-religious-groups-head-of-impacted-nonprofit-responds\/","title":{"rendered":"JPMorgan Chase denies debanking religious groups; nonprofit head responds."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fjpmorgan-chase-denies-they-debanked-religious-groups-head-of-impacted-nonprofit-responds%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1929308&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Chase Bank Cuts Ties with Nonprofit Over Donor List<\/h2>\n<h3>Backlash Against Chase Bank<\/h3>\n<p>Chase Bank, the consumer and commercial subsidiary of JPMorgan Chase, has faced criticism for abruptly ending its relationship with the National Committee for Religious Freedom, a nonpartisan, faith-based nonprofit organization dedicated to defending the right of everyone in America to live one\u2019s faith freely. The bank account belonging to the entity was nixed just three weeks after starting a relationship with Chase, which asked the nonprofit to provide a list of their major donors and their criteria for deciding which candidates they would support.<\/p>\n<h3>Resolution Filed for Shareholder Meeting<\/h3>\n<p>David Bahnsen, the founder and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-plans-to-unveil-advisory-warning-for-americans-doing-business-with-deteriorating-hong-kong\/\" title=\"Biden Plans To Unveil \u2018Advisory\u2019 Warning For Americans Doing Business With \u2018Deteriorating\u2019 Hong Kong\">chief investment officer<\/a> of The Bahnsen Group, filed a resolution to be presented at the JPMorgan Chase annual shareholder meeting, demanding that the firm publish an evaluation of how executives oversee risks related to discrimination against clients for their religious and political views. Board directors for JPMorgan Chase recommended that shareholders vote against the measure, claiming the proposal is \u201cbased on allegations that are not true.\u201d<\/p>\n<h3>Sam Brownback Speaks Out<\/h3>\n<p>Sam Brownback, the chair of the National Committee for Religious Freedom, detailed how JPMorgan Chase suddenly cut ties with the nonprofit last year, an experience which occurred despite the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jpmorgan-chase-denies-they-debanked-religious-groups-head-of-impacted-nonprofit-responds\/\" title=\"JPMorgan Chase denies debanking religious groups; nonprofit head responds.\">financial services behemoth denying ahead<\/a> of its upcoming shareholder meeting that they have debanked conservative and religious customers. Brownback, who formerly served as a senator and governor for the state of Kansas, as well as the United States ambassador-at-large for international religious freedom, said in a submission to the Securities and Exchange Commission that his experience \u201csays otherwise.\u201d<\/p>\n<h3>Chase&#8217;s Response<\/h3>\n<p>Five months after Brownback wrote an opinion piece about his experience, Chase sent another letter claiming they had to ask the questions about donors and candidate support criteria in order to \u201ccomply with federal banking guidelines to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/top-house-republican-presses-yellen-to-share-records-of-hunter-bidens-foreign-business-dealings\/\" title=\"Top House Republican Presses Yellen to Share Records of Hunter Biden\u2019s Foreign Business Dealings\">prevent money laundering<\/a> and terrorism.\u201d However, Brownback remarked that \u201ceven if the guidelines did apply, regulators do not require banks to do this screening at all.\u201d<\/p>\n<h3>Rebuilding Trust<\/h3>\n<p>Jeremy Tedesco, senior vice president of corporate engagement at the Alliance Defending Freedom, said in a statement provided to The Daily Wire that Chase \u201cneeds to rebuild trust with its shareholders and clients\u201d and \u201cassure its shareholders and customers that it respects everyone\u2019s freedom to participate in the marketplace.\u201d<\/p>\n<h3>Similar Experiences<\/h3>\n<p>Other conservative and religious entities have had similar experiences with Chase: several Republican state attorneys general noted in a letter last week that one <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/portfolio-manager-will-confront-jpmorgan-chase-shareholders-on-moves-to-de-bank-conservative-and-religious-groups\/\" title=\"Portfolio manager to address JPMorgan Chase shareholders on de-banking conservative and religious groups.\">credit card processor owned<\/a> by Chase likewise terminated an account belonging to Family Council, a conservative organization that works to strengthen traditional family values, while another firm controlled by Chase refused to serve the political action committee Defense of Liberty.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sam Brownback, the chair of the National Committee for Religious Freedom, detailed how JPMorgan Chase suddenly cut ties with the nonprofit last year, an experience which occurred despite the financial services behemoth denying ahead of its upcoming shareholder meeting that they have debanked conservative and religious customers. Chase Bank, the firm\u2019s consumer and commercial subsidiary<\/p>\n","protected":false},"author":99,"featured_media":1929309,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[8528,26551,4775,4056,5639,12519,16444,4054,4499],"class_list":["post-1929308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire","tag-chase","tag-debanking","tag-denies","tag-groups","tag-head","tag-jpmorgan","tag-nonprofit","tag-religious","tag-responds"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1929308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1929308"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1929308\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1929309"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1929308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1929308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1929308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}