#debanking

#debanking

Workers in industries labelled as reputationally risky, as well as a broad range of religious and ethnic groups, have been denied access to financial services. United States President Donald Trump's $5bn lawsuit against JPMorgan Chase resurfaces his accusations of debanking the act of removing a person or organisation's access to financial services. The complaint, filed in a Florida court on Thursday, alleges that the bank singled him out for political reasons and closed several of his accounts.

The lawsuit filed in Miami-Dade County, Florida, said the nation's largest lender violated its own policies by singling him out, to ride the "political tide" by terminating several of his accounts. "While we regret President Trump has sued us, we believe the suit has no merit. We respect the President's right to sue us and our right to defend ourselves," JPMorgan said.

A front page Article in The Fake News Wall Street Journal states, without any verification, that I offered Jamie Dimon, of JPMorgan Chase, the job of Fed Chairman. This statement is totally untrue, there was never such an offer and, in fact, I'll be suing JPMorgan Chase over the next two weeks for incorrectly and inappropriately DEBANKING me after the January 6th Protest, a protest that turned out to be correct for those doing the protesting The Election was RIGGED!

While many of the findings - such as the Fed, FDIC, and OCC pressuring banks away from crypto through informal guidance, and the SEC's "enforce first, make rules never" approach - were previously known, the report now places them squarely in the Congressional record. The report identifies at least 30 entities that were effectively "debanked" through informal regulatory guidance and supervisory pressure. These businesses, the Committee claims, were forced out of the U.S. banking system without formal enforcement actions.

Last month, J.P. Morgan Chase threw me out of the bank. It was bizarre. My dad has been a private client there for 30+ years.