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As he announces his candidacy for president, Kanye West is demanding that the FCC investigate his bank after Adidas allegedly “froze his money” and turned off his Apple Pay.
According to West, after Adidas stopped doing business with him, they managed to freeze his money by petitioning JP Morgan Chase. After discovering that his Apple Pay repeatedly didn't work, he said he was looking into why.
Adidas reportedly blocked four of his bank accounts for $75 million. This, in turn, likely caused Apple Pay to not work due to a lack of funds.
Oddly enough, West claimed that this was why he would run for president — again.
“The reason I'm announcing that I'm running for president is because I want the FCC to look at my money. If the FCC was looking at my money, there would be a chance that Adidas “I didn't log in to JP Morgan Chase and freeze my account and also freeze $75 million in four different accounts,” West told RadarOnline.
Even if his claims that Adidas is returning the money from the bank are true, it's unclear exactly who West is referring to in his bid for the presidency. Although West claims he wants the FCC — Federal Communications Commission — to sort out the issue, they can't help.
Probably, this issue also does not fall under the jurisdiction of the Federal Trade Commission. Most likely, if the bank is acting improperly — and it is not clear that they — this would fall under the purview of the Office of the Comptroller of the Currency (OCC), which regulates national banks.
