JP Morgan Bank Credit Cards closing inactive accounts.

Does this mean that banks are getting ready for bankruptcy?

More likley a credit freeze.

Reason for concern?

I will use the credit card to keep my 12k line of credit open but worry about what's really going on.

If banks are now under regulation to clean up their shit and get their ducks in a row then there is some powerful force requesting this, possibly the FED who is now in charge?

Interesting.

What happens next?

Who told you the banks are under regulation now? Lol. Its the complete opposite of that. They have been given free for all by Trump and his minions.

OF COURSE the FED is in control. They make the rules now. Trump sold us out.

Fed in charge of banks.
US Treasury in charge of US currency and reserves.

Which is how it should be. FEDS are bankers, go back to the banks, fix em. Get out of US Government.

Banks are no longer US assets, they are holders of people's money and provide services of loans and investing.

So the move is logical. Just wondering why credit cards are being scrutinized right now, which would indicate that bank audits are tightening up.

If banks are under pressure to tighten up that means a couple of things
1. regulation and transparency
2. proof of funds
3. no more terrorism money exchanged

But is there room for error or disaster?