Trump says JPMorgan Chase, Bank of America rejected him as a customer

## Trump Claims Banks Rejected Him, Reigniting “De-Banking” Debate

This article discusses former President Donald Trump’s recent claims that major American banks, specifically JPMorgan Chase and Bank of America, rejected him as a customer. This has reignited the debate around “de-banking,” the alleged practice of financial institutions denying services to conservative clients.

Here’s a breakdown of the key points:

• Trump’s Claims: Trump stated that JPMorgan Chase gave him 20 days to move “hundreds of millions of dollars” and that Bank of America refused to open an account for him. He didn’t specify when these events occurred.
• Context of the Issue: This comes amid ongoing claims from conservatives, crypto executives, and religious organizations that they are being unfairly “de-banked.”
• Bank Responses: JPMorgan Chase denied targeting conservatives and stated they don’t close accounts for political reasons. Bank of America declined to comment.
• Regulatory Pressure: Banks often cite federal regulations, including the Bank Secrecy Act, as reasons for account closures, particularly in high-risk industries.
• Political Implications: The issue puts banks in a difficult position, as they risk angering both Trump and his supporters while also benefiting from his administration’s regulatory rollbacks.
• Potential Executive Order: The Trump administration is reportedly preparing an executive order that could fine banks for dropping customers based on political grounds.
• Trump’s Lawsuit: Trump’s company previously sued Capital One, alleging improper account closures.

For more details, you can read the original article on CNBC: [Insert CNBC Article Link Here]