Chase closing accounts of porn stars: Report

Chase Bank is closing the accounts of hundreds of people who work in the adult industry, according to multiple reports

Gossip blogger Perez Hilton posted images of the letters reportedly sent to stars in the adult industry. Hilton reported that the accounts would be closed on May 11, 2014.

Adult industry publication XBIZ also reported on the account closings, including an interview with one of the women whose account is slated for termination, porn star Teagan Presley.

XBIZ reported that they had not been able to reach Chase for comment.

JPMorgan Chase faced a lawsuit last year from the founder of soft porn studio MRG Entertainment that alleged the bank violated fair lending laws for refusing to underwrite a loan on the grounds of "moral reasons."

The outcome of the case was not clear Saturday.

http://www.cnbc.com/id/101616944