JPMorgan Chase Bank subsidiary discriminated against conservative customers, US investigation finds
A JPMorgan spokesperson responded to the findings, telling CBS News that the subsidiary has since been shut down as a result of the revelations.
The US Office of the Comptroller of the Currency (OCC) discovered that JPMorgan Chase subsidiary WePay Inc. discriminated against conservative customers, according to a report on Wednesday. The review, conducted under President Donald Trump's August 2025 executive order, aimed to identify instances viewed as violations of the order.
JPMorgan Chase's spokesperson stated that WePay no longer operates due to the revelations. The bank was found to have closed accounts associated with pro-Trump merchandise and halted payment processing for an event featuring anti-Biden social media posts. Additionally, a JPMorgan employee allegedly altered records of rejected customers based on their political views.
PNC Bank also faced criticism for declining a media company's line of credit due to the owners' conservative views. Capital One rejected Democratic pro-abortion organizations but turned away pro-gun groups. Wells Fargo terminated payment services for a religious nonprofit organization. Financial discrimination was observed across the investigated banks, with small businesses facing stricter treatment than larger ones.
OCC Commissioner Jonathan V. Gould emphasized that Americans should have equal access to financial services regardless of their beliefs or affiliations.
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