PRESS RELEASE
After Treasurer Fitzpatrick Says Missouri Won’t Do Business with Those Who Discriminate Based on Mainstream Political Ideology, JP Morgan Chase Reverses Course
Jefferson City, MO—Missouri
State Treasurer Scott Fitzpatrick announced that JP Morgan Chase will clarify
the terms and conditions for service by WePay, a subsidiary of the bank and
offered to reinstate the account for the Defense of Liberty organization, after
receiving contact from the Treasurer informing the bank they would not be
allowed to do business with the Treasurer’s Office so long as they continued to
discriminate against customers based on their mainstream political positions. “I am glad that JP Morgan Chase quickly
recognized their mistake and has committed to reviewing their internal policies
and procedures. I am looking forward to receiving information about concrete
action the bank plans to take to prevent future discriminatory actions,”
Treasurer Fitzpatrick said. “While private businesses have the right to do business
with whomever they please, Missouri will not do business with financial
institutions who discriminate against its customers based on their mainstream
political ideology.” Treasurer Fitzpatrick was
recently made aware that WePay, a subsidiary of JP Morgan Chase, suspended
ticket processing for an upcoming Speaker Series event hosted by the Defense of
Liberty organization citing their Terms of Service which prohibit processing
for, “hate, violence, racial intolerance, terrorism, the financial exploitation
of a crime, or items or activities that encourage, promote, facilitate, or
instruct others regarding the same.” The group, founded by Marine and former state
representative Paul Curtman, clearly does not support or engage in those
activities. Despite these serious accusations,
WePay offered no information or specifics about how the group or this event
fall into any of these troubling categories saying that information was
proprietary and their decision was “final”. On Wednesday, after being contacted
by Treasurer Fitzpatrick, the company reversed course and said, “After further
review, we determined that the Defense of Liberty PAC didn’t violate the Terms
of Service.” On Wednesday, the Treasurer sent
a letter to JP Morgan Chase CEO Jamie Dimon explaining that these recent
actions by the United States’ largest bank indicate it is discriminating
against customers based on their political ideology. Because of this, he said,
the Treasurer’s Office will no longer do business with JP Morgan Chase or any
other financial institution that discriminates against customers based on
mainstream political ideology so long as that discrimination continues. “Denying service based on
political ideology is un-American and only serves to further divide our
country. Boycotts, bans, and cancellations will not unite us, but listening to
those with whom we disagree without preconceived judgements might help,” the
Treasurer wrote. “I urge you to reconsider this misguided decision, restore
payment processing for the Defense of Liberty organization, and join me in
condemning the politics of divisiveness and begin engaging with those we
disagree with rather than silencing them.” A full copy of the letter can be
read here. Follow
the Treasurer’s Office on Twitter, Facebook, and Instagram @motreasurer. ###