yes.
understood.
those were questionable business decisions (and Wells Fargo reversed its cancellation of customer lines of credit).
I think such cancellations should be prohibited, at least when they are imposed without reasonable, adequate notice to customers who are relying on them.
Having said all that, going out of line of business such that no one individual is singled out on improper grounds, could be defended as simply a long-term business strategy for the corporation. It is different when individual(s) are selected and culled out on purely political, religious, etc grounds. Much more pernicious.
When government does it directly, it is called leftism or communism or Nazism or “progressivism”... When big corporate business does it, it may be called fascism but it amounts to the same thing, same adverse impact on the country, society.
And here we have a business whose entire operation is conducted pursuant to a governmental license... so that the definitions, line between communism and fascism is especially blurred in this case. Again, for our society there is precious little actual different in the adverse impacts, no matter what termimology we apply
Agreed. This is a political targeting and isn't even credit related. Unless Flynn was actively bashing Chase publicly, nobody would know he had a CC account there.