Conservative Shareholders See ‘Pendulum Shift’ Regarding Political Debanking in America

‘We need that system to serve everybody of all beliefs,’ Jeremy Tedesco, counsel at the Alliance Defending Freedom, stated.

JPMorgan Chase & Co. Chairman and CEO Jamie Dimon (2nd L) testifies during a hearing before the House Committee on Financial Services at the Rayburn House Office Building on Capitol Hill on Sept. 21, 2022. Alex Wong/Getty Images

A conservative shareholder group lauded JPMorgan Chase this week for agreeing to take steps against political and religious discrimination.

Having succeeded in bringing a shareholder vote to investigate claims that the bank had refused services to conservative customers, the group, which included investor David Bahnsen, lawyers at the Alliance Defending Freedom (ADF), and Bowyer Research, agreed to drop the proposal after a long series of meetings with the bank’s management.