JPMorgan Chase (JPM) is facing investigations linked to U.S. President Donald Trump’s order targeting banks accused of restricting access for political or ideological reasons, according to a regulatory filing Tuesday.
The bank is “responding to requests from government authorities and other external parties regarding, among other things, the Firm’s policies and processes and the provision of services to customers and potential customers,” it said in a Securities and Exchange filing.
“Certain of these matters are at various stages, including reviews, investigations, and legal proceedings,” it added.
In August, Trump issued an executive order addressing access to financial services and directed several actions by banking regulators to include a review and revision of their internal policies and manuals.
It was reported last month that the Federal Deposit Insurance Corp. will propose prohibiting officials from forcing bank lenders to close customers’ accounts on political, social, cultural or religious grounds.