Porn star Chanel Preston says that when she attempted to make a deposit into her new account, she learned it had been closed because of “compliance issues.”
She says that the manager who had helped her set up the account explained that the bank was worried about the live cam shows on her website and had decided to close the business account.
...Meanwhile, a former softcore porn producer in California is suing JPMorgan Chase after the bank refused to underwrite a loan for “moral reasons.”
The plaintiff — who actually sold his company several years ago — says it was the bank that had originally approached him about refinancing the loan, but after the refi got bogged down in months of delays, he eventually learned the truth.
In the suit, filed in Los Angeles Superior Court, the plaintiff states that Chase VP “finally informed plaintiff during a telephone conversation that plaintiff’s loan application was refused due to ‘moral reasons,’ because of JPMorgan’s disapproval of plaintiff’s former source of income and occupation as an owner of a television production company that produced television programs that dealt with the subject of human sexuality.”
He says the bank told him that Chase would be taking a “reputational risk” by going through with the loan.
“JPMorgan purports to be so ashamed of nudity and human sexuality that it cannot process a refinance of a home loan of plaintiff, secured by plaintiff’s house, because plaintiff’s source of income six years ago included production of television programs that contained nudity and human sexuality,” reads the complaint.
Via
Gracie Passette
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