U.S. regulators warn payment companies such as Visa about "de-bankering"

According to Bloomberg, Federal Trade Commission Chairman Andrew Ferguson sent a letter to payment companies such as Visa, MasterCard, PayPal and Stripe, warning that services should not be refused based on users 'political views or religious beliefs. Ferguson said preventing law-abiding individuals from running legitimate businesses is not in line with American values. The move comes as the Trump administration is concerned about "debanking" issues, which has previously sued JPMorgan Chase and its CEO Jamie Dimon, accusing the bank of cutting off services to Trump and his companies for political reasons. Trump Organization also sued One Financial., Alleged him of political discrimination. Both JPMorgan Chase and Capital One denied the allegations. Stripe responded that it would not restrict services based on political views.