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JPMorgan Chase Withdraws Resolution Amidst Pressure to End Discrimination

2024-05-24 17:58:31.434000

JPMorgan Chase (JPMC), the world's largest bank, has withdrawn a resolution that would have required the company to report on how its policies might discriminate against employees and customers based on their political or religious views [40588279]. This decision comes after a campaign led by AMAC Action, the Free Enterprise Project, and the Alliance Defending Freedom, which aimed to pressure the bank to stop targeting conservative companies and individuals [40588279]. As part of the campaign, AMAC members sent over 91,000 messages to key executives at JPMC [40588279]. Prior to the campaign, JPMC had faced criticism for denying financial services to firearms manufacturers, divesting from oil and gas companies, and blocking payments and closing accounts associated with conservative individuals and organizations [40588279]. In response to the outcry, JPMC has made a commitment to serving customers regardless of their political, social, or religious viewpoints [40588279]. AMAC Action will continue to monitor the actions of JPMC and other banks to ensure they follow through on their promises to end discrimination against conservative employees and customers [40588279].

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