JPMorgan’s Debanking Excuse Doesn’t Hold Up

This article was originally published in Townhall on February 14. 2026.

JPMorgan Chase (JPMorgan) is facing a lawsuit over its decision to close accounts tied to President Trump’s family and now the bank says it wasn’t political at all. Rather, America’s largest bank is the victim in all this.

That’s rich.

In a recent statement, JPMorgan insisted it debanks customers only because they “create legal or regulatory risk,” blaming federal bureaucrats “lead[ing] [them] to do so.” Or simply, Washington made them do it.

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