Jamie Dimon’s Claim That JP Morgan Chase Doesn’t Discriminate Doesn’t Pass the Smell Test

Jp Morgan Chase

Jamie Dimon, CEO of banking giant JPMorgan Chase, made some claims over the weekend that his bank doesn’t “de-bank” or politically-discriminate against account holders. That claim is simply untrue. And NSSF has the receipts.

Dimon appeared on Fox News’s Sunday Morning Futures 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’s claims that they don’t de-bank entities for political reasons, Trump Media was a political target under the Biden administration.

“People have to grow up here, OK, and stop making up things and stuff like that,” Dimon said, according to The Hill, adding “I can’t talk about an individual account. We do not…debank people for religious or political affiliations.”

Dimon then attempted to qualify his statement, explaining, “We de-bank people who are Democrats. We de-bank people who are Republicans. We have de-banked different religious folks. Never was that for that reason.” But that’s not true. And you don’t have to take my word for it. You can take Dimon’s own words for it.

The Receipts

Dimon testified at a Congressional hearing in 2021 and stated under oath that JPMorgan Chase would not lend to manufacturers of modern sporting rifles. “We do not finance the manufacture of military-style weapons for civilian use,” Dimon said at the time using a gun control trope to describe MSRs.

It didn’t end there. Just two years ago, JPMorgan Chase was caught red-handed 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 Senator 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’s QuickBooks software.

The decision to de-bank firearm businesses wasn’t an issue of credit worthiness or sustainable business models. It was all political. And intentional.

JPMorgan Chase chose to bend to political pressure that started with Operation Choke Point, former President Barack Obama’s plan, along with U.S. Attorney General Eric Holder and the Federal Deposit Insurance Corporation, to squeeze out firearm-related businesses and other politically disfavored industries by classifying them as “high risk” or a “reputational risk.” Congress ended Operation Choke Point, but the practice was privatized and continued unabated.

Dimon admitted as much when he testified in 2021. The decision to withhold banking services from firearm-related businesses was a political decision. MSRs are legal products. They’re the most popular selling centerfire rifle in America with over 30 million in circulation today. To put that in perspective, that’s more rifles in circulation than there are Ford F-150s on the road today, the most popular selling pickup truck in America.

Talk is Cheap

Still, Dimon tried to equivocate. He said he wants banking reform, just like President Donald Trump said he’d bring, and is bringing.

 

“I want to change these rules. I actually applaud the Trump administration, who’s trying to say that de-banking is bad and we should change the rules,” Dimon told Bartiromo, according to The Hill. “Well, damn it, I have been asking to change the rules now for 15 years. So change the rules.”

The rules are changing. And there’s nothing stopping Dimon from changing how JPMorgan Chase does business right now. NSSF applauded the Trump administration’s Executive Order ending “woke” banking discrimination, signed in August. NSSF also supported the Office of the Comptroller of the Currency’s announcement of new actions to eliminate politicized or unlawful debanking in the federal baking systems.

“The OCC is taking steps to end the weaponization of the financial system,” said Comptroller of the Currency Jonathan V. Gould in a news release. “We 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.”

Earlier this year, the OCC removed references to reputation risk from its handbooks and guidance documents and it will soon propose a rule removing these same references from its regulations.

Dimon has brazenly denied JPMorgan Chase de-banks entities for political reasons, despite his own testimony and evidence proving that he does. And while he claims he wants banking reform, he’s suspiciously silent when it comes to Congressional efforts to make those changes into law.

Dimon could come out in support of U.S. Senate Banking Committee Chairman Tim Scott’s (R-S.C.) Financial Integrity and Regulation Management Act, S. 875, 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 H.R. 2702, which has also passed favorably from the House Financial Services Committee.

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 S. 401 and in the House by Rep. Barr (R-Ky.) as H.R. 987, as well as the Firearm Industry Nondiscrimination Act, introduced in the House by Rep. Jack Bergman (R-Mich.) as H.R. 45 and the Senate by Sen. Steve Daines (R-Mont.) as S. 137.

Further, NSSF was successful in passing the FIND Act 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.

Dimon needs to do better. A big bank CEO can’t expect to go on television and claim he doesn’t discriminate when there’s so much evidence that he does, and he’s testified to it under oath.

NSSF calls on Dimon to publicly renounce his bank’s anti-gun policy that he’s testified to before Congress. Talk is cheap, Mr. Dimon. It’s time to walk the talk.

 

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8 thoughts on “Jamie Dimon’s Claim That JP Morgan Chase Doesn’t Discriminate Doesn’t Pass the Smell Test”

  1. The de-bankers all act like they simply had no choice but to toe the woke gestapo line with their red-lining nonsense. If this is true who was strong arming them and what were the threats?

  2. BREAKING NEWS! MASSIVE [Leftist] DEEP STATE CASE IN SUPREME COURT TODAY!

    In huge news, the United States Supreme Court heard argument about whether President Trump can fire members of the FTC commission. Mark Smith, Four Boxes Diner, discusses.

    ht* tps://www.youtube.com/watch?v=rcSUaDQROBY

    1. The [Leftist] DC Swamp Just Took ONE DIRECTLY On The Chin As SCOTUS DISMANTLES Them Piece By Piece.

      ht* tps://www.youtube.com/watch?v=XN5JerGIyLk

  3. He Shot 3 Armed Robbers and Was Charged with MURDER! [note: spoiler – he was found not guilty]

    (Colion) “A Portland dispensary worker was held at gunpoint by three masked armed robbers, forced out of his own store, fought for his life… and killed all three.

    You’d think that would be the end of the story.
    But in Portland?
    Surviving a violent robbery is apparently grounds for a murder trial.

    This is one of the most shocking, disturbing, and revealing self-defense cases I’ve ever broken down — because it proves a terrifying truth:

    👉 In the wrong city, you can do EVERYTHING right… and still become the criminal.

    In this video, I break down:
    • The moment the robbers put a gun to his head
    • The split-second decision that saved his life
    • Why the DA charged him with murder anyway
    • How the jury ultimately saw through the insanity
    • What this means for every concealed carrier in America

    And most importantly:
    How your ZIP code can decide whether you walk free… or fight for your life in a courtroom.

    This case is the definition of FAFO — not macho posturing, but good people forced to defend themselves when evil shows up uninvited.”

    ht* tps://www.youtube.com/watch?v=QcCNl5QC6MI

  4. The left wing violence in the guise of ‘pseudo science medicine’ attacking the children quietly behind the scenes: Florida Sues 3 Trans Groomer Groups For ‘Mutilating Kids And Misleading Families’.

    “Florida Attorney General James Uthmeier, R-Fla., filed a lawsuit Tuesday against three of the most insidious organizations pushing the mutilation of children in fealty to ‘transgender’ ideology: the World Professional Association for Transgender Health (WPATH), the Endocrine Society, and the American Academy of Pediatrics (AAP).
    …”

    ht* tps://thefederalist.com/2025/12/09/florida-sues-3-trans-groomer-groups-for-mutilating-kids-and-misleading-families/

  5. Just in case ya been living under a rock and missed the actual plot: Somali Says of Trump – ‘My Biggest Fear Is That This Man May Never Witness Our Full Takeover’



    ‘My biggest regret in life is that Trump will not be alive to witness our full takeover of America’- Somali man claims.

    Leftists will be nodding along with that last bit about how the land doesn’t belong to Trump and his people any more than to the Somalis or anyone else. We’re a nation of immigrants, they like to remind us, as if that were the moral impetus for having no borders and bringing in everyone in the world to live off the work of those Americans who are still productive. But this earnest young fellow adds another element that other immigrant groups who have just wanted a slice of the American pie never dreamed of suggesting: that they would one day take over and rule the new land.
    …”

    [note: on a side note aside from democrat politicians and the left wing and mar-xist socia-list and Somalis wanting to overthrow the U.S. and take over, the Muslims want to do it too and they already have parts of Europe in their grasp and they are trying to it here in the U.S. also, and heck, the Trans have already tried to ‘colonize’ the U.S. and form their own little ‘nation’ inside the U.S. with putting their flags everywhere. So the next time you run into one of these types just remember – they might be willing to kill you and your family to get what they want.]

    ht* tps://pjmedia.com/robert-spencer/2025/12/09/somali-says-of-trump-my-biggest-fear-is-that-this-man-may-never-witness-our-full-takeover-n4946880

    1. The Somali Grift Isn’t Just for Minnesota Anymore.

      “I tell you what – Democrats and Somalis are going to rue the day the Senate Dems forced the government into that extended shutdown. That was the tipping point, and just the extra bit of time needed to bring this extraordinary, biblical amount of waste, fraud, and abuse into the public sphere, where it had been floating at the edges for decades.

      Everyone has been watching the Minnesota Somali scandals get deeper, more sordid, and, oh, dear God – more expensive than we ever thought possible.

      How does one relatively mid-sized community of 80,000 refugees account for upwards of $8 BILLION – that’s with a ‘B’ – in fraud?
      …”

      ht* tps://hotair.com/tree-hugging-sister/2025/12/09/the-somali-grift-isnt-just-for-minnesota-anymore-n3809699

      1. Vermont school district raises Somali flag, sparking national outrage.

        ht* tps://thepostmillennial.com/vermont-school-district-raises-somali-flag-sparking-national-outrage?utm_campaign=64470

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