Ethical Banking…US bank closes the accounts of people working in the adult trade

Posted: 27 April, 2014 in US News
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jp morgan chase logoUS Adult performers across the industry are reporting thatJPMorgan Chase has sent hundreds of letters to performers informing them that their accountswill be closed May 11.While Chase has yet to comment on the story, the company has a history of enforcing a quasi-morality clause, prohibiting some businesses deemed adult in nature.

This story was supplemented by reporting by Perez Hilton, who spoke to several sources inside the adult industry, one of whom sent a screenshot of the letter. We recently reviewed the account and determined that we will be closing it on May 11, 2014, the letter from Chase wrote. Please accept our apologies for the inconvenience.

After the Perez Hilton story went live, other porn performers, including Layton Benton and Teagan Presley, began posting similar letters from Chase Bank on Twitter. Benton’s account was actually closed on April 11.

And these aren’t isolated incidents. According to XBiz, Chase Bank has actually been shutting down porn performers’ accounts over the past few months.

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