JPMorgan Chase Bank Closes Porn Stars Accounts

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(PCM) In a move that is causing a big stir throughout the adult entertainment community, JPMorgan Chase bank has made the decision to exploit an FDIC warning and close bank accounts belonging to porn stars/adult entertainers.

Notification was sent out to all Chase customers who work in the adult industry that they must close down all of their accounts with the bank by May 11th. Chase has failed to provide the customers with any specific reason for terminating their accounts.

While banks have had the choice to close these types of accounts since 2012 when a warning issued by the FDIC was issued that included adult entertainment on a list of businesses that might have a higher risk of consumer fraud. However, it should be noted that the warning did not require the banks to refuse service to those who work in the adult entertainment industry.

Many porn stars have had additional issues when trying to find new banking elsewhere, as many claim that they were rejected by institutions such as Bank Of America. Not to worry, however, it seems that Wells Fargo is ready to welcome the porn industry accounts with open arms. A representative from Wells Fargo told TMZ.com “Of course we encourage these industry workers to come to us with their business and we will gladly help them”.

The adult entertainment community is outraged by Chase’s decision and many have become quite vocal about it on social media claiming they are being unfairly stereotyped.

One can only be led to believe the Chase does not want accounts from the adult entertainment industry to tarnish their reputation, however it seems they are doing a pretty good job of doing that all on their own.

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