Posted on 04/18/2024 9:28:16 AM PDT by MtnClimber
Famously 'woke' Bank of America has been on the hot seat among a group of state attorneys general, who've demanded information about whom it debanks and why, charging that they target conservatives and faith communities.
According to Fox News:
Over a dozen Republican attorneys general are warning a major U.S. bank against alleged practices of "de-banking" certain customers because of their religious or political views.
In a letter obtained exclusively by Fox News Digital, Kansas Attorney General Kris Kobach, along with 14 of his Republican colleagues told Bank of America CEO Brian T. Moynihan that the company "appears to be conditioning access to its services on customers having the bank’s preferred religious or political views."
"Your discriminatory behavior is a serious threat to free speech and religious freedom, is potentially illegal, and is causing political and regulatory backlash," the letter sent Monday states. "Your bank needs to be transparent with and assure us, its shareholders, and others that it will not continue to de-bank customers for their speech or religious exercise," the AGs wrote.
They laid out a pretty persuasive case for debanking of various individuals, some of them pretty innocuous-sounding, such as a Memphis religious-based Africa aid group called Indigenous Advance. They've also debanked gun sellers, gun makers, fossil fuel companies, and companies that run private prisons, all entities with many conservatives in them.
In what looks like a direct political hit, they've found themselves in the news for debanking leading Constitutional scholar John Eastman without explanation after he had been a faithful customer for 40 years, who is well-known for serving as President Trump's lawyer and advisor during the events of January 6. USAA, another bank, this one known for serving the military community, also debanked Eastman without explanation, which looked pretty political.
(Excerpt) Read more at americanthinker.com ...
Is this their woke “Bud Light” moment?
There cannot be peaceful coexistence with ruling class leftists.
Because, by law, they cannot discriminate based on religion. But they can make a strong correlation between your religion and your potential political views (based on where you spend your money) and they can do it for your political views which is not illegal.
I had been a Bank of America customer for many years beginning in the mid-Seventies, coming to that by having my bank acquired by another bank, then again, then again until I was a Bank America customer.
But, hey...a bank is a bank is a bank, right?
Wrong.
We had all our finances in there, and as the 21st Century progressed and BOA started to appear at the forefront of aggressive, state-encouraged “wokeness”, specifically where firearms purchases were involved, I wanted to disengage from them and move to another, smaller, local bank.
But my wife didn’t see things the same way, so...I was unable to do anything. I needed her full approval and cooperation.
Then, we went down a couple of times onsite for various banking functions, and they got these brain-dead affirmative action hires who didn’t know their ass from their elbow and were not only incompetent, but had no customer service skills to boot.
After the last session, my wife was really angry when we left and suggested we should go to a smaller, local bank with better service, and I jumped right on that.
We were so deeply entrenched it took us 3-6 months do completely disengage and pull out ALL of our money, but boy, best thing we ever did.
BOA is a statist scum organization.
I started out with the excellent First National Bank of Fort Worth, which became Nations Bank and later Bank of America.
I retired and moved to Navarro county and the local B of A branch was sold to a small Kaufman based bank, Citizen’s National, which became Vera Bank.
I had a choice and decided to go with the new smaller bank and I’m glad I did.
I know banks do this, but has anyone ever heard of a credit union in the US doing this?
John Eastman’s debanking by USAA is causing my wife and I to change banks.
We’ve been with them since 1980.
Old Glory Bank is looking better by the day.
has anyone ever heard of a credit union in the US doing this?
_____________________________________________________________
Not yet, fortunately.
Left banks in the 2006-2009 era when I reviewed the list of banks getting “bailed out”. Bank I was with was listed. Pulled out all funds, went to local credit union.
Wells Fargo is equally dysfunctional based on my limited experience a couple years ago. Avoid them as well, folks.
“Is this their woke “Bud Light” moment?”
Nope, if you’re regulated as highly by the US Government, you WILL DO exactly as they order, and that includes debanking people who they feel are threats to their power.
bkmk
I “debanked” FRom BoA in 1970!
Hated them then, hate them now!
The reason I “debanked” BoA in 1970 was they were crapping all over us middle-class customers and favoring their “richy-rich” customers.
They still are crapping all over their middle-class customers - I am surprised that any non-”rich-rich” person would even go near a BoA!
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