The rejection, noted the suit, was confounding since Chase had long held the original deed of trust on the home, without any comment on Greenberg's career. Greenberg's attorneys claim they were told by the vice president that the application was denied because of the potential "reputational risk" to the firm. (MRG was sold to New Frontier Media in 2006 for $22 million. ![]() The vice president "was evasive in his response to plaintiff's application status requests and finally informed plaintiff during a telephone conversation that plaintiff's loan application was refused due to 'moral reasons,' because of JPMorgan's disapproval of plaintiff's former source of income and occupation as an owner of a television production company that produced television programs that dealt with the subject of human sexuality," the complaint reads. That's when he said he reached out to a JPMorgan vice president for an explanation. But once he started the process, he says he saw repeated delays for four months. Greenberg says he was approached by a representative of the bank about refinancing an existing loan. Earlier this week, Marc Greenberg, founder of the soft porn studio MRG Entertainment, filed suit against JPMorgan Chase in Los Angeles Superior Court, alleging the bank violated fair lending laws and its own policy for refusing to underwrite a loan for "moral reasons". The issue seems to be reaching a boiling point, though. "The people within my bank have urged me to downplay the nature of my business because corporate frowns on it," said one long-time industry veteran. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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