At least one banking giant is dragging its feet when it comes to complying with efforts by President Donald Trump, the federal government and Congress to end the unlawful banking discrimination against firearm-related business.
J.P. Morgan Wealth Management recently denied essential banking services to Brandon Maddox, Founder and CEO of Silencer Central, a firearm suppressor company, according to an email exchange provided to NSSF. A senior associate and wealth planning specialist with J.P. Morgan Wealth Management denied services when Maddox inquired if the banking giant works with companies in the firearm industry.
As a matter of transparency, Maddox serves on NSSF’s Board of Governors.
The J.P. Morgan Wealth Management associate’s response was simple, if not disappointing. After all, Maddox’s business is based in South Dakota and his senators are Senate Majority Leader John Thune (R-S.D.) and Sen. Mike Rounds (R-S.D.), who is a member of the Senate Banking Committee.
“We apologize, but unfortunately, we are prohibited from working with entities and associated individuals that are in the category of arms, ammunition and explosives. Sorry for any confusion,” the senior associate wrote.
1600 Pennsylvania Avenue
That’s alarming because President Trump’s Guaranteeing Fair Banking for All Americans Executive Order, signed in August, gave banks 180 days to cease “unacceptable practices to restrict law-abiding individuals’ and businesses’ access to financial services on the basis of political or religious beliefs or lawful business activities.” NSSF applauded President Trump’s Executive Order ending “woke” banking discrimination. It is implausible that a corporate bank the size of JPMorganChase would respond to Maddox with a categorical denial because it was simply unaware of the order. That’s what compliance departments do; they ensure their companies are in compliance with applicable laws and regulations that govern the conduct of their industry.
President Trump’s order highlighted attempts by the previous administration to illegally surveil Americans lawfully exercising their Second Amendment rights to keep and bear arms through the willing cooperation of corporate banks. The president also noted the illegal “Operation Choke Point,” executed by the Obama administration, former U.S. Attorney General Eric Holder and the Department of Justice (DOJ), along with the Federal Deposit Insurance Corporation (FDIC), to deny essential banking services to firearm-related businesses based on an ill-defined and amorphous “reputational risk” criteria.
President Trump ripped back that thin veneer of discrimination when he signed his Executive Order, telling federal banking regulators to remove reputational risk from their lexicon, policies and guidance documents. Banks and financial institutions are to return to making decisions about who to bank and provide financial services to based on individualized, objective and risk-based analysis.
In other words, no more boxing out businesses for banking services simply because “woke” corporate bankers and banking regulators find those businesses and the products they make politically distasteful. Political ideology has no place in making banking decisions – it never did.
President Trump, quite literally, called out JPMorganChase CEO Jamie Dimon for illegal banking discrimination within days of being sworn into office for his second term.
While speaking at the World Economic Forum 2025 in Davos, Switzerland, the president didn’t mince words.
“You and Jamie [JPMorganChase CEO Jamie Dimon] and everybody else, I hope you start opening your banks to conservatives,” President Trump said directly to Bank of America CEO Brian Moynihan. “What you’re doing is wrong.” Dimon in 2021 testified at a Congressional hearing and stated under oath that JPMorganChase would not lend to manufacturers of Modern Sporting Rifles (MSRs). “We do not finance the manufacture of military style weapons for civilian use,” Dimon said at the time.
It’s not just President Trump’s Executive Order that JPMorganChase is slow-walking. The Office of the Comptroller of the Currency (OCC) just announced new actions to eliminate politicized or unlawful debanking in the federal baking systems. It’s part of the way the federal government is implementing President Trump’s Executive Order.
Regulators Ride
The OCC requested information from nine of the largest regulated institutions regarding their de-banking activities. It also updated a customer complaint website and is reviewing complaint data and data from other government and third-party sources to refine OCC examination efforts.
“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.
Congress, too, has been bullish about rooting out banking discrimination.
“Debanking federally legal businesses and law-abiding citizens is un-American, and President Trump’s Executive Order (E.O.) is a critical step towards protecting Americans’ access to financial services,” said U.S. Senate Banking Committee Chairman Tim Scott (R-S.C.) said in a press release. “I’ll continue to work with President Trump to end the debanking of law-abiding Americans and federally legal businesses on the basis of their political or religious affiliations.”
Chairman Scott sponsored the NSSF-supported Financial Integrity and Regulation Management (FIRM) Act, S. 875, which 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.
NSSF continues to support Congressional efforts to codify protections against banking discrimination by the Fair Access to Banking Act, introduced in the House by Rep. Barr (R-Ky.) as H.R. 987 and in the Senate by Sen. Kevin Cramer (R-N.D.) as S. 401, as well as the Firearm Industry Nondiscrimination (FIND) 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.
Some Learn the Hard Way
What J.P. Morgan Wealth Management is doing is dumbfounding. President Trump’s Executive Order is clear. Comptroller of the Currency Gould left no uncertainty that banking discrimination for “woke” political ideologies is a tainted remnant of the past. All banking services must be offered to customers based on objective risk criteria. The era of corporate boardroom executives administering public policy from Wall Street ivory towers by fiat is over.
Some banks seem to be learning. Citigroup recently recanted its antigun positions and publicly stated it would conduct business based on financial risk, instead of the ill-defined “reputational risk” that banks used to justify freezing out gun and ammunition businesses. NSSF is cautiously optimistic that Citigroup’s reversal is genuine, but we’re watching and waiting for evidence that firearm businesses are again banking with the corporate financial provider. “Trust but verify,” as President Ronald Reagan used to say.
J.P. Morgan Wealth Management has a choice to embrace President Trump’s Executive Order or be subject to corrective action by OCC regulators. The 180-day clock is ticking. Noncompliance of a presidential Executive Order and the federal agency charged with regulating your industry, not to mention inviting Congress to drag the CEO in front of a public hearing, doesn’t sound like a winning strategy. But it’s a strategy that J.P. Wealth Management appears to be pursuing, nonetheless.
Mark Oliva is the Managing Director of Public Affairs for the National Shooting Sports Foundation.
Could a number of denied parties band together and file a class-action lawsuit on denial of civil rights?
And collect real damages?
Hold your fire there pardner. The Order has 3 deadlines: 60, 120, and 180 days, and it applies different directives to different gov’t entities. It basically instructs federal regulators that they shall develop strategies and implement new policies that will steer the ship of State in a different direction. The “180-day clock” doesn’t apply directly to private bankers, but rather to their regulators. And technically, we’re only half way to the first deadline.
Now, I would argue that it’s in the best business interest of the bankers to adhere to the new (restored?) policy sooner rather than later, and they could do it in a day simply with the wide dissemination of a single memo, but their policy isn’t based on best business practices. It’s based on ideology, and the ideologues will drag their feet until the last possible second.
What The FBI & Media Won’t Tell You About Good Guys With Guns.
(Colion) “Hollywood makes the armed civilian look like a clown. The media buries defensive gun use stories under a mountain of crime coverage. And the FBI? They admit their ‘baseline data’ leaves out cases that don’t fit the narrative.
In this video, I react to John Stossel’s breakdown of how the truth gets buried — from TV scripts shaped by anti-gun groups, to FBI reports that ignore real defensive gun uses. We dive into deterrence, the numbers behind prevention, and powerful first-hand stories like Raul Mendez, a father who defended his family after being shot in the face.
The reality: guns save lives every single day — usually without a shot fired. You just won’t hear it from the FBI or the media.
…”
https://www.youtube.com/watch?v=4zRuSRri2AQ
BREAKING NOW: NAGR Launches Subpoena AGAINST MAGPUL… This Is About To Get REAL SPICY, REAL FAST [note: Magpul has continually refused to provide information on its magazine sales. This is important because Magpul magazines are owned in the millions. NAGR is fighting magazine bans and wants the numbers to show – to bolster their fight against magazine bans, although its already known in the general context, that so called ‘high capacity’ magazines are in common use. Magpul is refusing to support this fight, by refusing to release their sales numbers which by its self would defeat the anti-gun argument that so called ‘high capacity’ magazines are not in common use. I know that Magpul can do anything they want in this case and not release their sales data, thus the Subpoena , but, it is kinda odd that Magpul is not willing to step in and support the 2A in this case so its pretty likely Magpul will not be getting any business from me.]
https://www.youtube.com/watch?v=fgav-3pSl6Q
Winning! – BREAKING: HUGE SCOTUS DECISION JUST RELEASED (MASSIVE WIN FOR TRUMP!).
In the wake of Donald Trump firing FTC commissioner Rebecca Kelly Slaughter, a dispute has arisen over whether Article II gives the president full removal authority or whether a 1930s law and precedent protect such officials. Mark Smith, Four Boxes Diner, discusses.
https://www.youtube.com/watch?v=6qlj3yqpBhE
Biggest 2A Case Since Bruen Heads To Supreme Court [note: magazine ban case]
https://www.youtube.com/watch?v=g2jqQSPhEzA
In dem run city: A Woman [Iryna Zarutska] Is Murdered [in Charlotte N.C. by black criminal with 14 convictions dems let roam free under their insane ‘equity social justice’ policies and dems want to bury the story so badly, and have tried censorship but story still got out], And The Media Rush To Defend Democrats By Calling It ‘Political’.
“The media are so opposed to everything Trump does they’re willing to watch people die.
…”
dem and media message “…Remember, kids, there is no crime! And when there is, it’s Republicans and ‘the right’ you should hate for noticing!
…”
https://thefederalist.com/2025/09/09/a-woman-is-murdered-and-the-media-rush-to-defend-democrats-by-calling-it-political/
[dem] Charlotte Mayor Scrambles [lies] To Sound Less Evil After Comments Sympathizing With Stabber Prompt Backlash.
[dem mayor] “Lyles’ firmer statement does not acknowledge one released at the end of August to reporter Joe Bruno, in which she painted the killer as the real victim.
…”
https://thefederalist.com/2025/09/09/charlotte-mayor-scrambles-to-sound-less-evil-after-comments-sympathizing-with-stabber-prompt-backlash/
Doesn’t fit the dem false narrative so censor and deflect and ‘explain away’ or not cover it or omit to bury it: The Charlotte Stabbing Didn’t Fit The Media’s Preferred Narrative, So They Buried It.
“The Post and others had been slow to cover the Charlotte passenger train murder of Ukraine refugee Iryna Zarutska until late Monday. Why?
As President Donald Trump on Monday called greater attention to the brutal fatal stabbing of a Ukrainian refugee at the hands of a ‘mentally deranged lunatic,’ The Washington Post was pretending it never happened.
…
The suspect, Decarlos Brown Jr., a career criminal with more than a dozen arrests, faces homicide charges in the Aug. 22 murder. Commuter train video surveillance shows a man in an orange hoodie sitting directly behind Zarutska on a Charlotte Area Transit System train, standing up and violently attacking the unsuspecting young woman.
Zarutska escaped her war-torn native land only to be murdered by a violently mentally ill man whose own mother said should not have been free to roam the streets.
But WaPo — and other leftist corporate ‘news’ outlets — has been missing in action. As of mid-Monday evening, the Post had made no mention at all of the murder, according to a review of its archives. Nothing. The Post’s public-relations flack didn’t respond to The Federalist’s email seeking comment.
…”
https://thefederalist.com/2025/09/09/the-charlotte-stabbing-didnt-fit-the-medias-preferred-narrative-so-they-buried-it/
New FBI Releases From Tennessee Christian School Shooter Call Out And Depict Demons. [note: Audrey Hale the killer trans in Nashville]
“Newly released pages from a Nashville child murderer’s diary show the gender-confused Christian school shooter calling herself “the Devil’s apprentice,” writing in multiple personas, and taking the persona of demons. The newly released pages also include drawings of upside-down crosses and the demonic number ‘666.’
…”
[note: The killer trans in Minnesota also made references to demonic influences upon him. Citing or referencing demonic influences is no and uncommon thing among violent trans who kill.]
https://thefederalist.com/2025/09/09/new-fbi-releases-from-tennessee-christian-school-shooter-call-out-and-depict-demons/
correction for: “[note: The killer trans in Minnesota also made references to demonic influences upon him. Citing or referencing demonic influences is no and uncommon thing among violent trans who kill.]”
should have been…
[note: The killer trans in Minnesota also made references to demonic influences upon him. Citing or referencing demonic influences is not an uncommon thing among violent trans who kill.]
Liberal white women crazy: Trump Takes His Boys to Dinner. Liberal White Women Try to Ruin It.
”
…
The group went to Joe’s Seafood, Prime Steak & Stone Crab, which is located just northeast of the White House, and a mix of reporters, fans, and protesters greeted them outside. Of course, this wasn’t just a social outing. The president wanted to make a point about the crime turnaround in D.C. since he sent in the National Guard to patrol the streets in August.
…
He also said, ‘People are going out to dinner where they didn’t go out for years.’ Here’s video of their arrival:
…
Various videos on social media show the president and his staff shaking hands with and chatting with some of the restaurant’s other diners, but it wasn’t exactly the peaceful outing they’d probably hoped for. No, there wasn’t any crime committed or anything like that, but a group of what appears to be liberal white women disrupted the president’s dinner — and everyone else who was there trying to enjoy a meal — with some sort of ‘Free Palestine’ nonsense.
It’s not clear how these gals got inside, but once they did, they shouted ‘Free DC! Free Palestine! Trump is a Hitler!’ while holding what appears to be homemade banners with the Palestinian flag on them in the air.
The president walked right up to them, smiled, and seemingly nodded his head along with their chants, completely unphased, before asking security to see them out.
…”
https://pjmedia.com/sarah-anderson/2025/09/10/trump-takes-his-boys-to-dinner-liberal-white-women-try-to-ruin-it-n4943501
“with some sort of ‘Free Palestine’ nonsense.“
Isn’t freedom of speech glorious!
Allowing American citizens to speak truth to power, and confirming that no public official is immune from hearing the criticism from American citizens who disagree with his policies.
Those who wish to prohibit open dissent and criticism against our elected officials is working against the very foundation of American freedom.
Yes yes you made your support of from the rivers to the seas clear.
Yeah, sure. You have no real principles. Where were you during Covid when your tribe was busy silencing dissent and canceling people? Where were you when they essentially canceled and hid reporting from the New York Post about Hunter’s laptop? Twitter even shadow banned private messages linking to it. You were busy pushing the lies right there with the rest of those fake people.
Remember the demented hobbit Greta Thunberg? Well, shes been claiming there was a drone strike on one of the boats. setting the boat on fire, in her rag tag ‘look at me’ attention seeking whoremada of boats, the toxic pixie and part-time female He-Man impersonator Greta Thunberg’s Happy Fun Hamas Terrorist Relief Flotilla. It turns out it was a lie.
”
…
Oops. Footage from Greta’s boat shows a crew member misfiring a flare, which lands back on the boat. Meanwhile, they are claiming they were ‘attacked by a drone’ 🙄
Tragedy tourists cosplaying as victims
…”
https://pjmedia.com/vodkapundit/2025/09/09/ok-who-did-the-drone-strike-on-gretas-gaza-flotilla-n4943479