Posted on 03/06/2024 2:01:15 PM PST by george76
16 Republican AGs seek answers from Wells Fargo CEO Charles Scharf...
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debanking
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Wells Fargo is pushing the Biden administration's anti-gun and anti-traditional energy policies and discriminating against customers who don't fall in line with their political beliefs," Montana Attorney General Austin Knudsen...
As attorney general, it's my job to protect Montanans from discriminatory business practices. I will continue to investigate and fight against any illegal actions that could impact Montana businesses and consumers."
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Wells Fargo unexpectedly closed the business and personal accounts of Bradon Wexler, the owner of Florida-based firearms dealer Wex Gunworks, with a vague explanation for why they had done it.
"I've been with them for 25 years," Wexler told The Reload following the move. "I'm a professional fireman. I do everything the right way. It's messed up."
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The AGs also fear that Wells Fargo's environmental initiatives will have severe consequences for its clients. In particular, they take aim at its pro-environmental, social, and governance (ESG) initiatives. The ESG movement broadly seeks to advance a green transition and left-wing social priorities through the private sector.
In March 2021, Wells Fargo said they were committed to aligning their activities "to support the goals of the Paris Agreement and to helping transition to a net zero carbon economy."
In their letter, the AGs fire back at that statement, noting that the "Paris Agreement is not law in the United States" and say that the commitment "is transparently political" as Wells Fargo "continues to take more and more debanking actions to accomplish its political goals."
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Operation Chokepoint during the Obama Administration, the risk is far too high that banks will collude with government agencies to target anyone and anything that the ruling regime doesn't like
(Excerpt) Read more at foxbusiness.com ...
Wells Fargo might be the worst of the big banks.
Kind of a strange contest.
Ethics? Ha ha ha ha..... They don’t have any more than Joe and Hunter (or Bill and Hillary), or Chris Wray, or .... you get the idea?
Texas would be on the list, except our Texas Supreme Court ruled the the AG could not bring an investigation of such crimes, without passing through the local DA’s. Problem with that? Soro’s owns SO many DA’s.
Some of those TX Supreme Court Justices were defeated in the Primary on Tuesday.
Let’s hope TX can add its voice to that soon then.
Many people I know are working and praying for a turn around in the political landscape.
Wells Fargo = San Francisco = California = not America
California resigned from America and choses to reject that which is American
I believe it is coming.
What large nationwide bank does anyone suggest switching to? I’ve been with WF for 50 years, mainly because they kept buying the banks I was using so it was hard to avoid them. It’s not like there’s a lot of options. Most of the others are just as nutty.
You may want to look at Old Glory Bank. It’s pro American and Conservative.
A little-known program carried out by President Obama’s Department of Justice (DOJ) whipsawed small business for years, and to date no one has been held accountable. Federal officials pressured banks to close the accounts of businesses solely because they were ideologically opposed to their existence. This runs counter to the very principles of due process and fairness that form the backbone of our nation’s laws.
This program, known as Operation Choke Point, operated unrestrained for years. Officials at both the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) threatened banks with regulatory pressure if they did not bend to their will. Gun and ammunition dealers, payday lenders and other businesses operating legally suddenly found banks terminating their accounts with little explanation aside from “regulatory pressure.”
Happy to read that RAÚL LABRADOR from the Great State of Idaho is among the concerned and actively engaged AGs.
What does the Paris agreement have to do with a small business? I have had some real concerns and issues with Wells Fargo. We received over $ 13,000 from Wells Fargo in a class action case for over charges. I thought that checking accounts would be ok, but now I am not so sure, but I don’t know where to switch to.
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