JPMorgan Chase CEO Jamie Dimon focuses on controversy about how and why some American citizens and companies are abruptly that they are being kicked out of the banking system.
After a meeting with Republican legislators in Washington, DC on the subject of ‘Debanking’, Dimon said reporters that Chase never drops customers about their religious or political preferences.
Instead, Dimon said unclear federal guidelines, especially around anti-money laundering rules, forcing banks to refuse services out of compliance, anxiety, report Yahoo Finance.
When the supervisors were asked in a square whether the supervisors were the fault for the banking, Dimon replied: “Almost, yes.”
“There are many things that need to be solved. [Anit-Money laundering laws] His extraordinary, and it ensures that many people are pushed out of the system because banks were afraid of being charged, fined, because if something goes wrong after the fact – you could, you could pay a billion dollar. “
Dimon’s comments come after President Trump Bank of America and JPMorgan Chase has hammered during a virtual World Economic Forum, which accused them of wrongly refusing conservatives access to bank accounts.
Republican legislators are now insisting on legislation that would clearly explain when banks can and cannot reject services for customers.
The list of bankers included in the closed-door meeting in Washington was Brian Moynihan, CEO of Bank of America, CEO of Wells Fargo Charf, Capital One CEO Richard Fairbank and CEOs of various large American financial institutions.
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