Full Breakdown
JPMorgan Chase’s WePay Subsidiary Accused of Political Discrimination
By Drooid · · How we work
Core Event
The Office of the Comptroller of the Currency (OCC) released a supervisory review identifying discriminatory actions by WePay Inc., a subsidiary of JPMorgan Chase Bank. The review found that WePay closed accounts and halted payment processing for customers selling pro-Trump merchandise, such as MAGA hats and election-victory flags, and for a nonprofit described as “right-wing religious conservative” with anti-LGBTQ positions.
Background & Context
The review examined nearly 100,000 complaints filed between 2020 and 2025 and more than 50,000 internal documents from the nine largest U.S. banks under OCC supervision, including JPMorgan Chase, Bank of America, Citibank, Wells Fargo, US Bank, Capital One, PNC, TD Bank and BMO.
Findings of Discriminatory Practices
- In September 2021, WePay closed a conservative customer’s account after flagging a Trump victory flag and a shirt calling former President Joe Biden “illegitimate.”
- Later in 2021, the subsidiary halted payment processing for an event organizer whose social-media posts labeled President Biden and Dr. Anthony Fauci as enemies; the decision was subsequently reversed.
- The same year, WePay terminated a nonprofit’s account after staff identified the organization’s “strong anti-LGBTQ rhetoric.”
- OCC investigators also uncovered altered internal records, including the removal of phrases such as “right-wing” from documentation of denied commercial services between 2021 and 2023.
Official Statements & Responses
A JPMorgan spokesperson told CBS News that WePay “did not meet our expectations,” was identified, corrected, and “the business no longer operates.” OCC Currency Comptroller Jonathan V.
Verbatim Quotes
- “Today’s report provides irrefutable evidence that the nation’s largest banks have denied, debanked, and discriminated against customers and lawful businesses,” — Currency Comptroller Jonathan V