In 2022, The National Committee for Religious Freedom had its account at JP Morgan suddenly closed by the bank. The group is led by respected Sam Brownback, a former Kansas senator, governor, and ambassador-at-large for religious freedom appointed by former President Trump. JP Morgan insists there was no discrimination. I have talked to former Ambassador Brownback personally and find his accusations credible.
Some shareholders in the company are also concerned about the allegations of discrimination. An investor has submitted a resolution requiring the bank to launch an investigation of religious and political discrimination at JP Morgan. The shareholder meeting is May 16th and the bank has urged a "NO" vote. Why are they afraid of what an investigation will show?
Many U.S. corporations such as Disney are prioritizing the LGBTQ agenda. Others are regularly signaling their support for abortion on demand. Employers, shareholders, and other stakeholders who are pro-life and have faith-based objections to LGBTQ demands are ignored or worse. JP Morgan recently refused to fill out a survey that screens companies for "biblically responsible" management. At the same time, the company is vocal about the high marks it receives in the yearly rankings of the Human Rights Campaign, an LGBTQ pressure group.
JDFI commends the state attorneys general and treasurers who are insisting on answers from JP Morgan. Diversity and inclusion are shams if Christians and other faiths are excluded.
