Core Insights - JPMorgan Chase is cooperating with federal investigations regarding its customer banking policies in response to accusations of "debanking" based on political or religious beliefs [2][9] - The bank disclosed in a regulatory filing that it is facing reviews and legal proceedings following an executive order from President Trump [2][9] - JPMorgan is the second major U.S. bank to report such federal scrutiny, following Bank of America [3] Regulatory Context - The executive order from August 7 accused financial institutions of restricting access to services for individuals and businesses based on their political or religious beliefs [6] - Federal regulators have been instructed to review banks' past and present policies within 120 days to identify any problematic practices [6] Industry Response - Other major banks, including Wells Fargo and Citigroup, have not specifically mentioned the executive order in their recent filings, indicating a varied response across the industry [4] - Bank of America has also acknowledged responding to demands related to the executive order, highlighting the broader implications for the banking sector [3][9] Stakeholder Reactions - Trump has publicly targeted Bank of America, accusing its CEO of debanking conservatives, which reflects the political tensions surrounding banking practices [7] - Bank of America claims to serve a diverse customer base, emphasizing its commitment to banking all individuals and businesses [8]