All articles tagged with #debanking
FTC Chairman Andrew N. Ferguson sent warning letters to the CEOs of PayPal, Stripe, Visa, and Mastercard, reiterating their obligations under the FTC Act and warning that denying access to financial services based on political or religious views could violate the law and trigger enforcement, referencing a 2025 executive order on debanking.
JPMorgan Chase acknowledged in court filings that it closed Donald Trump and Trump Organization accounts after the January 6 Capitol attack, a fact cited in Trump’s $5 billion lawsuit alleging politically motivated debanking; the bank said the closures included a two‑month transfer window and argued New York is the proper forum, as the dispute underscores a broader debate over politically targeted banking.
JPMorgan Chase disclosed in a court filing that it closed certain Trump accounts in February 2021 after the Jan. 6 Capitol attack, marking the first written admission in Trump’s lawsuit alleging political motives behind debanking. The bank seeks to move the case from state to federal court and to New York for jurisdiction, as Trump’s lawyers push the dispute over alleged reputational blacklisting and damages in a high-stakes legal battle.
President Donald Trump sues JPMorgan Chase and CEO Jamie Dimon for $5 billion, alleging the bank’s decision to close his accounts after Jan. 6 was a politically motivated act of “debanking.” The article notes the bank gave 60 days’ notice, argues there’s no right to a bank of one’s choosing, and points out that Trump has filed similar banking-related suits (including against Capital One). It also highlights Trump’s private attorney Alejandro Brito, who leads other defamation and banking-related suits, framing these actions as pressure tactics against powerful institutions.
Former President Donald Trump filed a Florida civil suit against JPMorgan Chase, alleging the bank debanked him for political reasons after a 2021 notice to move funds and a later 'blacklist' of his accounts, seeking $5 billion. The filing argues the actions were politically motivated and cites federal investigations, while critics note Florida’s consumer-protection statute lacks a private right of action, framing the move as a high-profile, controversial legal gambit.
Former President Donald Trump filed a Miami complaint seeking at least $5 billion from JPMorgan Chase and CEO Jamie Dimon, accusing the bank of debanking him after the January 6 Capitol riot and discriminating against him; JPMorgan has not commented, with more details expected.
Former President Donald Trump filed a Florida state court suit against JPMorgan Chase and CEO Jamie Dimon, seeking at least $5 billion in civil damages, alleging the bank closed his and related accounts in early 2021 for political reasons after the Jan. 6 riot; JPMorgan says the suit lacks merit and that it does not close accounts for political or religious reasons, noting it closes accounts to manage legal or regulatory risk, while the case raises questions about whether banks are restricting access to banking based on political views.
President Trump says he plans to sue JPMorgan Chase within two weeks over alleged improper debanking after January 6, while denying a Wall Street Journal report that he offered Jamie Dimon the Federal Reserve chair role, tying the dispute to his broader critique of banks' political bias.
President Trump says he will sue JPMorgan Chase for allegedly closing his accounts after the Jan. 6 Capitol attack, labeling it debanking, while JPMorgan and Bank of America deny political motives. Trump also denied offering Jamie Dimon the Federal Reserve chair, a claim Dimon rejected. The report also notes ongoing Fed independence concerns as Chair Powell disclosed a DOJ subpoena related to his testimony amid a broader investigation.
Trump says he will sue JPMorgan Chase over alleged debanking after the January 6 Capitol riot, citing an unsubstantiated claim; JPMorgan and Dimon deny any job offer or political account closures, and a bank spokesperson says no one's account should be closed for beliefs. Trump also attacks Powell and the Wall Street Journal amid broader tensions with the Fed and ongoing investigations, continuing his pattern of combative rhetoric toward financial and media figures.
Trump posted on Truth Social that he will sue JPMorgan Chase over debanking after the Jan. 6 Capitol riot and denied a Wall Street Journal report that he offered Jamie Dimon the Federal Reserve chair; the piece notes his August executive order on debanking, JPMorgan's lack of comment, and Dimon's apparently dismissive reaction to the offer.
President Trump said he will sue JPMorgan Chase within two weeks over alleged debanking after the Jan. 6 Capitol riot, claiming the bank restricted his accounts under pressure from the Biden administration. JPMorgan denies political motives. The dispute ties into Trump’s broader ‘debanking’ narrative and notes Dimon’s floated roles and related discussions, which Dimon has publicly disputed.
President Trump signed an executive order to investigate whether banks have discriminated against conservatives and certain industries, citing concerns over 'debanking' and political bias, with potential implications for civil or criminal investigations against banks.
President Donald Trump signed an executive order to prevent politicized or unlawful debanking, ensuring fair access to banking services for all Americans, and directing regulators to review and address discriminatory practices by financial institutions.
President Trump is set to sign an executive order aimed at addressing alleged political bias by large banks, accusing them of discriminating against him and conservative clients, and instructing the Treasury to develop strategies to prevent politically motivated account closures.