Some financial terminations due to ‘reputational risk’
Senators Marco Rubio (R-FL) and Kevin Cramer (R-ND) sent a letter to U.S. Department of the Treasury on Wednesday expressing concern about banks discriminating against Americans based on political views and beliefs.
The senators referenced an incident that occurred in August of this year, in which JPMorgan Chase & Co. allegedly terminated Lori Flynn’s credit cards due to the bank’s concerns of “reputational risk.” Mrs. Flynn is the wife of Lt. General Michael Flynn, former National Security Advisor to President Donald Trump, who received a pardon from then-President Trump for allegations he lied to the FBI during the Russia collusion hoax.
The bank has since claimed the termination was in error and reinstated her account, according to the Washington Examiner. “We’ve contacted our customer to let her know that we made an error,” a Chase spokesperson said. “And we apologized for any inconvenience this caused.” The senators said termination should be a “great concern to many Americans,” even if the cancellation was truly an accident.
