JPMorgan Chase & Co. said it’s facing reviews, investigations and legal proceedings tied to the Trump administration’s fight against “debanking.”
The bank is “responding to requests from government authorities and other external parties regarding, among other things, the firm’s policies and processes and the provision of services to customers and potential customers,” according to a regulatory filing Tuesday.
President Donald Trump signed an executive order in August aimed at eliminating practices by banks and their regulators that result in certain customers being denied access to financial services for ideological reasons. It directed the US agencies charged with overseeing banks to, ...
