{"id":226515,"date":"2025-12-09T06:32:00","date_gmt":"2025-12-09T12:32:00","guid":{"rendered":"https:\/\/gunsamerica.com\/digest\/?p=226515"},"modified":"2025-12-09T18:51:47","modified_gmt":"2025-12-10T00:51:47","slug":"jpmorgan-chases-dimon-bank-doesnt-discriminate","status":"publish","type":"post","link":"https:\/\/gunsamerica.com\/digest\/jpmorgan-chases-dimon-bank-doesnt-discriminate\/","title":{"rendered":"JPMorgan Chase\u2019s Dimon Says Bank Doesn\u2019t Discriminate&#8230;"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p><strong>By Larry Keane<\/strong><\/p>\n\n\n\n<p>Banking giant and CEO of JPMorgan Chase Jamie Dimon made claims over the weekend that his bank doesn\u2019t \u201cdebank\u201d or politically-discriminate against account holders.<\/p>\n\n\n\n<p>That claim is simply untrue. And NSSF has the receipts.<\/p>\n\n\n\n<p>Dimon appeared on Fox News\u2019s \u201cSunday Morning Futures,\u201d with Maria Bartiromo to address claims by former U.S. Rep. Devin Nunes (R-Calif.), who now serves as the chief executive of Trump Media. Nunes explained that despite Dimon\u2019s claims that they don\u2019t debank entities for political reasons, Trump Media was a political target under the Biden administration.<\/p>\n\n\n\n<p>\u201cPeople have to grow up here, OK, and stop making up things and stuff like that,\u201d Dimon said,&nbsp;<strong><a href=\"https:\/\/thehill.com\/business\/5638028-dimon-denies-political-debanking\/?tbref=hp\" target=\"_blank\" class=\"clickTracking\" campaign=\"jpmorgan-chases-dimon-bank-doesnt-discriminate\" title=\"JPMorgan Chase\u2019s Dimon Says Bank Doesn\u2019t Discriminate...\">according to The Hill<\/a><\/strong>, adding \u201cI can\u2019t talk about an individual account. We do not \u2026 debank people for religious or political affiliations.\u201d<\/p>\n\n\n\n<p>Dimon then attempted to qualify his statement, explaining, \u201cWe debank people who are Democrats. We debank people who are Republicans. We have debanked different religious folks. Never was that for that reason.\u201d<\/p>\n\n\n\n<p>But that\u2019s not true. And you don\u2019t have to take my word for it. You can take Dimon\u2019s own words for it.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Jamie Dimon issues BOLD prediction on AI\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/pHj1Bgc4t_k?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-receipts\">The Receipts<\/h2>\n\n\n\n<p>Dimon&nbsp;<strong><a href=\"https:\/\/apnews.com\/article\/business-louisiana-financial-services-jeff-landry-jamie-dimon-4c9bccfb648b3e6b986f97312a908eeb\" target=\"_blank\" class=\"clickTracking\" campaign=\"jpmorgan-chases-dimon-bank-doesnt-discriminate\" title=\"JPMorgan Chase\u2019s Dimon Says Bank Doesn\u2019t Discriminate...\">testified at a Congressional hearing and stated under oath<\/a><\/strong>&nbsp;in 2021 that JPMorgan Chase would not lend to manufacturers of Modern Sporting Rifles (MSRs). \u201cWe do not finance the manufacture of military-style weapons for civilian use,\u201d Dimon said at the time using a gun control trope to describe MSRs.<\/p>\n\n\n\n<p>It didn\u2019t end there. Just two years ago, JPMorgan Chase was&nbsp;<strong><a href=\"https:\/\/www.dailysignal.com\/2023\/09\/26\/jpmorgan-admits-pressured-intuit-cutting-gun-companies\/\" target=\"_blank\" class=\"clickTracking\" campaign=\"jpmorgan-chases-dimon-bank-doesnt-discriminate\" title=\"JPMorgan Chase\u2019s Dimon Says Bank Doesn\u2019t Discriminate...\">caught red-handed<\/a><\/strong>&nbsp;using their financial might to pressure the financial software company Intuit into preventing firearm businesses from using their payment services. The revelation came to light after several businesses told U.S. Sen. Ted Cruz (R-Texas) of Intuit abandoning them, only to have Intuit tell the senator they made the move after JPMorgan Chase, along with Bank of America, told them to prohibit gun manufacturers and sellers from using Intuit\u2019s QuickBooks software.<\/p>\n\n\n\n<p>The decision to debank firearm businesses was not an issue of credit worthiness or sustainable business models. It was all political. And intentional.<\/p>\n\n\n\n<p>JPMorgan Chase chose to bend to political pressure that started with&nbsp;<strong><a href=\"https:\/\/nssf.org\/download\/?wpdmdl=55935\" target=\"_blank\" class=\"clickTracking\" campaign=\"jpmorgan-chases-dimon-bank-doesnt-discriminate\" title=\"JPMorgan Chase\u2019s Dimon Says Bank Doesn\u2019t Discriminate...\">Operation Choke Point<\/a><\/strong>, former President Barack Obama\u2019s plan, along with U.S. Attorney General Eric Holder and the Federal Deposit Insurance Corporation (FDIC), to squeeze out firearm-related businesses and other politically disfavored industries by classifying them as \u201chigh risk\u201d or \u201creputational risk.\u201d Congress ended Operation Choke Point, but the practice was privatized and continued unabated.<\/p>\n\n\n\n<p>Dimon admitted as much when he testified in 2021. The decision to withhold banking services to firearm-related businesses was a political decision. MSRs are legal products. They are the most popular selling centerfire rifle in America with&nbsp;<strong><a href=\"https:\/\/www.nssf.org\/articles\/nssf-releases-most-recent-firearm-production-figures-2\/\" target=\"_blank\" class=\"clickTracking\" campaign=\"jpmorgan-chases-dimon-bank-doesnt-discriminate\" title=\"JPMorgan Chase\u2019s Dimon Says Bank Doesn\u2019t Discriminate...\">over 30 million in circulation<\/a><\/strong>&nbsp;today. To put that in perspective, that\u2019s more rifles in circulation than there are&nbsp;<strong><a href=\"https:\/\/fordauthority.com\/2021\/04\/there-are-currently-16-1-million-ford-f-series-pickups-on-u-s-roads\/\" target=\"_blank\" class=\"clickTracking\" campaign=\"jpmorgan-chases-dimon-bank-doesnt-discriminate\" title=\"JPMorgan Chase\u2019s Dimon Says Bank Doesn\u2019t Discriminate...\">Ford F-150s on the road today<\/a><\/strong>, the most popular selling pick-up truck in America.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-talk-is-cheap\">Talk is Cheap<\/h2>\n\n\n\n<p>Still, Dimon tried to equivocate. He said he wants banking reform, just like President Donald Trump said he\u2019d bring, and is bringing.<\/p>\n\n\n\n<p>\u201cI want to change these rules. I actually applaud the Trump administration, who\u2019s trying to say that debanking is bad and we should change the rules,\u201d Dimon told Bartiromo,&nbsp;<strong><a href=\"https:\/\/thehill.com\/business\/5638028-dimon-denies-political-debanking\/?tbref=hp\" target=\"_blank\" class=\"clickTracking\" campaign=\"jpmorgan-chases-dimon-bank-doesnt-discriminate\" title=\"JPMorgan Chase\u2019s Dimon Says Bank Doesn\u2019t Discriminate...\">according to The Hill<\/a><\/strong>. \u201cWell, damn it, I have been asking to change the rules now for 15 years. So change the rules.\u201d<\/p>\n\n\n\n<p>The rules are changing. And there\u2019s nothing stopping Dimon from changing how JPMorgan Chase does business. NSSF&nbsp;<strong><a href=\"https:\/\/www.nssf.org\/articles\/nssf-applauds-presidents-executive-order-ending-banking-discrimination\/\" target=\"_blank\" class=\"clickTracking\" campaign=\"jpmorgan-chases-dimon-bank-doesnt-discriminate\" title=\"JPMorgan Chase\u2019s Dimon Says Bank Doesn\u2019t Discriminate...\">applauded<\/a><\/strong>&nbsp;the Trump administration\u2019s Executive Order ending \u201cwoke\u201d banking discrimination, signed in August. NSSF also supported the Office of the Comptroller of the Currency (OCC)&nbsp;<strong><a href=\"https:\/\/www.occ.treas.gov\/news-issuances\/news-releases\/2025\/nr-occ-2025-84.html\" target=\"_blank\" class=\"clickTracking\" campaign=\"jpmorgan-chases-dimon-bank-doesnt-discriminate\" title=\"JPMorgan Chase\u2019s Dimon Says Bank Doesn\u2019t Discriminate...\">announcement of new actions<\/a><\/strong>&nbsp;to eliminate politicized or unlawful debanking in the federal baking systems.<\/p>\n\n\n\n<p>\u201cThe OCC is taking steps to end the weaponization of the financial system,\u201d said Comptroller of the Currency Jonathan V. Gould&nbsp;<strong><a href=\"https:\/\/www.occ.treas.gov\/news-issuances\/news-releases\/2025\/nr-occ-2025-84.html\" target=\"_blank\" class=\"clickTracking\" campaign=\"jpmorgan-chases-dimon-bank-doesnt-discriminate\" title=\"JPMorgan Chase\u2019s Dimon Says Bank Doesn\u2019t Discriminate...\">in a news release<\/a><\/strong>. \u201cWe are working to root out bank activities that unlawfully debank or discriminate against customers on the basis of political or religious beliefs, or lawful business activities. If and when the OCC identifies such activity, it will take action to end it.\u201d<\/p>\n\n\n\n<p>Earlier this year, the OCC&nbsp;<strong><a href=\"https:\/\/occ.gov\/news-issuances\/news-releases\/2025\/nr-occ-2025-21.html\" target=\"_blank\" class=\"clickTracking\" campaign=\"jpmorgan-chases-dimon-bank-doesnt-discriminate\" title=\"JPMorgan Chase\u2019s Dimon Says Bank Doesn\u2019t Discriminate...\">removed references to reputation risk<\/a><\/strong>&nbsp;from its handbooks and guidance documents and it will soon propose a rule removing these same references from its regulations.<\/p>\n\n\n\n<p>Dimon has been vocal to deny JPMorgan Chase debanks entities for political reasons, despite his own testimony and evidence proving he does. And while he claims he wants banking reform, he\u2019s suspiciously silent when it comes to Congressional efforts to make those changes into law.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-see-also-feds-drop-1m-on-2a-civics\">SEE ALSO: <a href=\"https:\/\/gunsamerica.com\/digest\/feds-drop-1m-on-2a-civics\/\" target=\"_blank\" class=\"clickTracking\" campaign=\"jpmorgan-chases-dimon-bank-doesnt-discriminate\" title=\"JPMorgan Chase\u2019s Dimon Says Bank Doesn\u2019t Discriminate...\">Feds Drop $1M on 2A Civics<\/a><\/h2>\n\n\n\n<p>Dimon could come out in support of U.S. Senate Banking Committee Chairman Tim Scott\u2019s (R-S.C.) Financial Integrity and Regulation Management (FIRM) Act,&nbsp;<strong><a href=\"https:\/\/www.congress.gov\/bill\/119th-congress\/senate-bill\/875\/text\" target=\"_blank\" class=\"clickTracking\" campaign=\"jpmorgan-chases-dimon-bank-doesnt-discriminate\" title=\"JPMorgan Chase\u2019s Dimon Says Bank Doesn\u2019t Discriminate...\">S. 875<\/a><\/strong>, which is supported by NSSF and has already passed favorably from the Senate Banking Committee. That bill has a companion in the U.S. House of Representatives, sponsored by U.S. Rep. Andy Barr (R-Ky.), introduced under the same title as&nbsp;<strong><a href=\"https:\/\/www.congress.gov\/bill\/119th-congress\/house-bill\/2702?q=%7B%22search%22%3A%22hr+2702%22%7D&amp;s=1&amp;r=1\" target=\"_blank\" class=\"clickTracking\" campaign=\"jpmorgan-chases-dimon-bank-doesnt-discriminate\" title=\"JPMorgan Chase\u2019s Dimon Says Bank Doesn\u2019t Discriminate...\">H.R. 2702<\/a><\/strong>, which has also passed favorably from the House Financial Services Committee.<\/p>\n\n\n\n<p>Dimon could also support bills that NSSF agrees will help end banking discrimination against the firearm industry. NSSF continues to support Congressional efforts to codify protections against banking discrimination by the Fair Access to Banking Act, introduced in the Senate by Sen. Kevin Cramer (R-N.D.) as&nbsp;<strong><a href=\"https:\/\/www.nssf.org\/articles\/nssf-applauds-sen-kevin-cramers-fair-access-to-banking-act-introduction\/?hilite=fair+access+banking+act\" target=\"_blank\" class=\"clickTracking\" campaign=\"jpmorgan-chases-dimon-bank-doesnt-discriminate\" title=\"JPMorgan Chase\u2019s Dimon Says Bank Doesn\u2019t Discriminate...\">S. 401&nbsp;<\/a><\/strong>and in the House by Rep. Barr (R-Ky.) as&nbsp;<strong><a href=\"https:\/\/www.nssf.org\/articles\/nssf-praises-rep-barrs-fair-access-to-banking-act-introduction\/?hilite=fair+access+banking+act\" target=\"_blank\" class=\"clickTracking\" campaign=\"jpmorgan-chases-dimon-bank-doesnt-discriminate\" title=\"JPMorgan Chase\u2019s Dimon Says Bank Doesn\u2019t Discriminate...\">H.R. 987<\/a><\/strong>, as well as the Firearm Industry Nondiscrimination (FIND) Act, introduced in the House by Rep. Jack Bergman (R-Mich.) as&nbsp;<strong><a href=\"https:\/\/www.congress.gov\/bill\/119th-congress\/house-bill\/45?q=%7B%22search%22%3A%22hr+45%22%7D&amp;s=1&amp;r=1\" target=\"_blank\" class=\"clickTracking\" campaign=\"jpmorgan-chases-dimon-bank-doesnt-discriminate\" title=\"JPMorgan Chase\u2019s Dimon Says Bank Doesn\u2019t Discriminate...\">H.R. 45<\/a><\/strong>&nbsp;and the Senate by Sen. Steve Daines (R-Mont.) as&nbsp;<strong><a href=\"https:\/\/www.nssf.org\/articles\/nssf-praises-u-s-sen-steve-daines-find-act-introduction\/?hilite=find+act+daines\" target=\"_blank\" class=\"clickTracking\" campaign=\"jpmorgan-chases-dimon-bank-doesnt-discriminate\" title=\"JPMorgan Chase\u2019s Dimon Says Bank Doesn\u2019t Discriminate...\">S. 137<\/a><\/strong>.<\/p>\n\n\n\n<p>Further, NSSF was successful in passing the&nbsp;<strong><a href=\"https:\/\/www.nssf.org\/download\/?wpdmdl=52960\" target=\"_blank\" class=\"clickTracking\" campaign=\"jpmorgan-chases-dimon-bank-doesnt-discriminate\" title=\"JPMorgan Chase\u2019s Dimon Says Bank Doesn\u2019t Discriminate...\">FIND Act<\/a><\/strong>&nbsp;in 11 states, which prohibits state agencies and local government entities from entering into taxpayer-funded contracts with corporations that discriminate against members of the firearm industry.<\/p>\n\n\n\n<p>Dimon needs to do better. A banking CEO can\u2019t expect to go on television and claim his corporate bank doesn\u2019t discriminate when there\u2019s so much evidence it does, and he has testified under oath to that fact.<\/p>\n\n\n\n<p>NSSF calls upon Dimon to publicly renounce his bank\u2019s antigun policy that he testified to under oath before Congress. Talk is cheap, Mr. Dimon. Time to walk the talk.<\/p>\n\n\n\n<p class=\"has-text-align-left\" style=\"font-size:24px\"><strong><em>*** <a href=\"https:\/\/gunsamerica.com\" target=\"_blank\" class=\"clickTracking\" campaign=\"jpmorgan-chases-dimon-bank-doesnt-discriminate\" title=\"JPMorgan Chase\u2019s Dimon Says Bank Doesn\u2019t Discriminate...\" target=\"_blank\" rel=\"noreferrer noopener\">Buy and Sell on GunsAmerica!<\/a> ***<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The decision to debank firearm businesses was not an issue of credit worthiness or sustainable business models. It was all political. And intentional.<\/p>\n","protected":false},"author":115,"featured_media":226517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_specdata_upc":"","_specdata_placement":"","footnotes":""},"categories":[4024],"tags":[132,586,607,122],"featured":[],"hunt365":[],"class_list":{"0":"post-226515","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-buzz","9":"tag-column","10":"tag-news","11":"tag-r2kba"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>JPMorgan Chase\u2019s Dimon Says Bank Doesn\u2019t Discriminate...<\/title>\n<meta name=\"description\" content=\"Jamie Dimon, CEO of JPMorgan Chase, claims that the banking giant never discriminated against the gun industry. 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