JPMorgan Chase announced that its payment company, WePay, will do business with a conservative group after initially refusing to do so.
On Thursday, the investment banking company reversed WePay’s decision to cut off business with the Defense of Liberty PAC on Nov. 9, which forced the political action committee to cancel an event with Donald Trump Jr.
“After further review, we determined that this organization didn’t violate the terms of service, and we are reaching out to the client to discuss reinstating the account,” a JPMorgan spokesperson told the Washington Examiner. “To be clear, we have never and would never close an account due to a client’s political affiliation.”
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WePay, an online payment service provider, initially told the conservative PAC it violated its terms of service by promoting “violence” and “terrorism,” according to the Missouri Independent.
Former Missouri state Rep. Paul Curtman, who founded the PAC, said the company’s actions affected the small businesses that were set to help with the event.
“I’m glad to see JPMorgan Chase reverse course on their decision to terminate our relationship based on their unjustified, false, and outrageous accusations directed toward the Defense of Liberty events. However, it is too little too late, and the damage is done,” he told the Washington Examiner.
He said the event with Trump has been rescheduled and that his PAC is still working on the details, such as the time and location of the event.
The reversal follows a warning from Missouri Treasurer Scott Fitzpatrick, who told Fox News’s Tucker Carlson on Wednesday that the state would stop doing business with JPMorgan if the company did not reverse course. He also said he wrote a letter to Jamie Dimon, CEO of JPMorgan, informing him of the state’s position.
“We took on the cancel culture BS. And we won,” he tweeted following the reversal.
We took on the cancel culture BS. And we won. @paulcurtman @BillEigel @FoxNews @TuckerCarlson pic.twitter.com/DwAd1dFpn8
— Scott Fitzpatrick (@FitzpatrickMO) November 18, 2021
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Dimon used to consider himself a Democrat, but he told CNBC in 2019 that was no longer the case, noting that while his “heart is Democratic,” his “brain is kind of Republican.” He has frequently criticized the gridlock in politics.
Representatives for WePay did not respond to the Washington Examiner’s requests for comment.
