JPMorgan Chase has updated its Code of Conduct to explicitly protect against future political and religious debanking discrimination, a move prompted by pressure from state attorneys general and shareholder proposals. The policy change is intended to ensure that banking services are not canceled based on customers' or employees' political and religious views.

OpenSecrets data reveals that JPMorgan Chase & Co, the parent institution behind Chase Bank, contributed over $8 million and expended $3.6 million in lobbying during the 2024 election cycle. The profile also highlights a pronounced revolving door, with a significant proportion of the bank’s lobbyists having prior government experience.

Chase Bank, part of JPMorgan Chase, has faced internal employee backlash after announcing a strict five-day in-office work mandate. Reports indicate that a dozen workers have reached out to union organizers, reflecting widespread discontent over the decision.

Chase Bank announced that all employees must work in-office full time starting in March, a move that has provoked significant backlash from workers who cite increased financial burdens and disruptions to work-life balance, and some are considering unionization.

According to OpenSecrets data, JPMorgan Chase & Co, operating as Chase Bank, spent $3,310,000 on lobbying in 2023. This expenditure reflects the bank's active engagement in political influence, raising concerns about potential prioritization of corporate interests over progressive policies and worker rights.

JPMorgan Chase announced donations including $1 million to be split between the Anti-Defamation League and the Southern Poverty Law Center, along with additional contributions such as $50,000 to a local community foundation and matching employee donations. The pledge was made in response to the violent events in Charlottesville and reflects the company’s public stance against hate and bigotry.

On May 16, 2023, conservative shareholder activists and state attorneys general criticized Chase Bank for alleged discrimination in its banking practices, accusing it of debanking customers and organizations based on political and religious viewpoints while refusing to participate in a viewpoint diversity survey that could promote transparency and equal treatment.

On May 2, 2023, 19 Republican attorneys general sent a letter accusing Chase Bank of discriminatory practices against customers based on religious and political affiliations. The letter cites examples including the de-banking of the National Committee for Religious Freedom and imposing conditions such as requiring disclosure of donor and political support information for account reinstatement.

JPMorgan Chase's 2023 Political Engagement Report details extensive employee contributions to political action committees and significant lobbying expenditures at state and federal levels. The report, while transparently published, highlights the firm’s active involvement in political processes, which raises concerns about corporate influence in shaping public policy.